Quote:
Originally Posted by Via Chicago
fees are ineffective too. these arent your run of the mill homebuyers. if youre going to go through the expense of acquiring a 2-flat in a desireable area, dont actually need an extra unit to generate income, and can afford to fully gut it into a SFH, youre probably also the type who can afford to eat a 25k fee.
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if "they" can afford the fee, why is there no or very little fee revenue generated from the pilot deconversion ordinance?
fees are ineffective because they are targeting the wrong thing, which should be expected when city council does pretty much anything
you think they are targeting this:
in reality the people buying most two flats in the desirable areas are just families that need an economical option for more space - so they live in the 2 units as one unit. this triggers no fee. which is exactly what my example was in the previous post.