> I think one solution to lower rent is a rule that for every month a rental pro... | Hacker News

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		post-it on Jan 8, 2025 \| parent \| context \| favorite \| on: Who killed the rave? > I think one solution to lower rent is a rule that for every month a rental property is vacant its book value declines by 10 times the rent. Wouldn't that just lower its property tax, thereby making it more profitable for owners to leave venues unrented (compared to the status quo)?

UltraSane on Jan 8, 2025 [–]

Right now commercial real estate owners are incentivized to never lower rent even if a property is vacant for a long time because the book value of the property is tied to its rental rate even if it is vacant.

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