San Francisco voters back Prop. M, a vacancy tax on landlords

Projections show that a majority of San Francisco voters are in favor of Proposition M, which would tax landlords with long-standing vacant units.

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DBU49
DBU49
180 · 23 days ago · Reddit

does this affect the empty mansions in Pac Heights or no?

yonran
yonran
146 · 23 days ago · Reddit

The article misleadingly calls Proposition M simply a tax on “landlords”. Although vacant single-family homes are exempt from the tax, vacant condominiums are not exempt. If you own a condo, you are fully liable for the tax.

XVOS
XVOS
98 · 23 days ago · Reddit

Can’t wait to see what the next stupid law we pass to fix the housing crisis that doesn’t actually fix the housing crisis is. I mean yeah, sure, whatever, but people act like this is going to make a meaningful difference, and it really won’t. San Francisco is pretty geographically tiny but you wouldn’t know it from how it is zoned. Want to actually fix housing prices? Let people build denser housing. Fix the nimbys suing every project into oblivion and in 5-10 years we will have done a lot to address the problem (housing takes time to build).

ispeakdatruf
ispeakdatruf
97 · 23 days ago · Reddit

"With most of the ballots now counted, the Empty Homes Tax has passed with a decisive mandate from San Francisco voters, despite being outspent by a margin of 3 to 1," Preston wrote in a statement

... except "Homes" (as in, Single Family Homes) are exempt from this stupid tax.

Instead of an "Empty Homes Tax", we need an "Empty Brains Tax" so people like Dean Preston can be taxed out of this City.

EffectiveSearch3521
EffectiveSearch3521
91 · 23 days ago · Reddit

This prop is a red herring that won't actually do much to change the renting conditions in SF. There are not actually 61,000 empty apartments in SF, or at least not the way people make it seem where they're just sitting unoccupied.

The only way to change renting conditions in SF is to change the zoning, and build more density. And yes that means building tall buildings in places like the Richmond and Sunset. This is a city.

AlternativeTale6066
AlternativeTale6066
81 · 23 days ago · Reddit

You will never see any duplex owner ever add a third unit to a building ever again in this city. Why would you add another unit and become subject to this tax and have to explain yourself to the city whenever you want to use the 3rd unit for guests, children, or some other use that doesn't strictly qualify as paying tenancy with a lease?

Malcompliant
Malcompliant
54 · 23 days ago · Reddit

Lots of landlords rent out single or duplex properties, which are completely exempt from this.

I guess we'll have something to vote on next year.

InternetWilliams
InternetWilliams
40 · 23 days ago · Reddit

Another law where ordinary people get tricked into voting for something because they think it screws over someone more well-off than them. But ultimately it ends up hurting everyone.

gotmyjd2003
gotmyjd2003
27 · 23 days ago · Reddit

Can someone please explain to me how this law could possibly be enforced? Like, how would the City even know that a unit was vacant for the required period of time?

And separately but almost as importantly, why the f is it anyone's business if a property owner decides to keep their units vacant? It's their property that they already pay property taxes on!

CODMLoser
CODMLoser
23 · 23 days ago · Reddit

How is this tax legal? Why does the city have a say on what a private owner does or doesn’t do in terms of renting their property? Is there an allowance for renovations and the time it takes? This is almost as bizarre as the extreme SF rent control, which REALLY keeps rental units off the market, and in shabby condition. And I’m a lifelong renter.

agrips1
agrips1
6 · 23 days ago · Reddit

Such a weird coincidence that Dean Preston exempted houses like his

Cool-Business-2393
Cool-Business-2393
6 · 23 days ago · Reddit

I voted against it. I like the idea, but don’t think there was enough time to hammer out the details. Piss poor policy is another way politicians get rich. They sell you a noble idea and pocket the money. There is no real way to track how the money is utilized. This city is notorious for corruption and misuse of funds.

Noahdaceo
Noahdaceo
6 · 23 days ago · Reddit

My home city of San Francisco doesn't know how to vote anymore. It's a lost cause almost, but I'll keep fighting.

swen_bonson
swen_bonson
5 · 23 days ago · Reddit

I feel like the reality of the NIMBY/​Yimby schism is that there are two political factions that support their prescribed factional policies and oppose others. I for one am fine with this, I’d have been fine with D, and what I really want is for the city to get very serious about public housing and not just solving this through market housing. No one policy is gonna fix everything, any policy is gonna have problems.