Mar 07

Vacant Homes Are A Global Epidemic (And Paris Is Fighting It With A 60% Tax):

Runaway real estate speculation has been filling global capitals with vacant homes, creating artificial shortages in the world’s most sought after cities. The city of Paris has decided it’s had enough, and implemented a tax in 2015. They didn’t quite get the results they wanted, so they’re now tripling the tax to 60%.

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