We’re also seeing a rapid increase in commercial vacancies with WFH. But there are big challenges and costs to turning commercial properties into residential.
I’ve heard a lot about the problems. Surely there’s some good ideas for a solution out there?
That’s not a bad idea. Tax rate is X. First house is X. Second house is XY, third house is XY*Y, etc.
Problem is property rates are usually city, county, state so you’re not going to see consistency between them.