San Francisco Business Times Reports on Supervisor Peskin’s Goal of Taxing Vacant Housing Units

San Francisco Business Times reports on exploring “legislation that would allow the city and county of San Francisco to impose a vacancy tax on property owners to help mitigate the impacts of the widespread practice of warehousing valuable residential and commercial units”.

Landlords sometimes keep units vacant to avoid the burdens of rent and eviction control regulation. However, these “ghost units” do contribute to the scarcity of housing.