this post was submitted on 02 Jul 2024
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City Life

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Costco's bold new plan for the California housing crisis (archive.ph)
submitted 4 months ago by pbjamm@beehaw.org to c/citylife@beehaw.org
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[–] pbjamm@beehaw.org 4 points 4 months ago

Something like a Vacancy Tax would be helpful in insuring that more housing is available, it would do little to create more home ownership because the land itself is expensive even if nothing is on it.

I see this as smart use of land. Instead of another Big Box store and sprawling parking lot the city gets the store and 800 more apartments in the same footprint.