Vacancy tax could lower rents, even if Association of Realtors won't admit it

Passing the vacancy tax in SLT will likely put more homes into the rental market, which should cause rents to go down, according to the “law” of supply and demand. From where I sit, it looks like 2 or 3 persons are putting in 20 hours a day working against this tax and two of them I know don’t live here and don’t have property here. They are “outside agitators” likely in some anti-tax nationwide anti government cult, spreading disinformation here from who knows where.

I trust the pro tax advocates much more than the anti tax pros, as the pro group seem human, local, and intelligent enough to read past a headline. Anti-tax people post memes full of lies, predicting disaster with no documentation or proof.

The city of South Lake Tahoe needs revenue and if you live and work and struggle here, you should support anything that brings money into South Lake Tahoe. If someone wants a second home here, let them pay a little more for it. Property taxes go up all the time, especially when values go up.

This anti tax group claim to constitutional property rights being violated is BS.

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Kay Ebeling

OMG I just realized: Of course the real estate assoc hates the vacancy tax as it will likely put more rentals on the market lowering rent costs, making it easier to find housing and that affects THEIR BOTTOM LINE. They don't care about the people who live and work here, they care about people who invest in real estate and get very rich doing so and want to be like Trammell Crow

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-Kay Ebeling