Explore the implications of the new vacant homes tax, designed to address housing shortages and encourage property occupancy in San Francisco.
San Francisco City approves the New Vacant Homes Tax
Learn what this ordinance means and its impact on investors and homeowners. With a real estate market as competitive as San Francisco, it is very ironic to know that several vacant, unoccupied residential units are within the city. But if you examine the real estate market closely, you will learn that there are ample reasons why unit owners and landlords keep their buildings vacant.