rowyn: (just me)
rowyn ([personal profile] rowyn) wrote2009-07-14 08:27 am
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The Wall Street Journal published this quirky article about a Mayfair city official's job to track down the owners of unoccupied mansions. Two things struck me from it:

Many owners decline to rent the homes due to local council tax rules, which tax properties at a lower rate if they are empty and unfurnished.

It is just like government to create a tax incentive for owners to leave properties vacant, and then, to fix the fact that people are actually leaving the properties vacant, employ someone whose job it is to find owners and force them to sell or occupy the properties. I mean, what else could they do? Stop offering the tax incentive? That's just crazy talk!

But this was my favorite part:

Mr. Palmer often takes a more sympathetic view to squatters than he does toward the owners of an abandoned property. [...] "At the end of the day, they have a similar goal of putting empty properties back into use," he says. "We just go about it in two very different ways."

Which is quite cool, especially since "they attract squatters" is one reason cities dislike vacant properties. OTOH, even squatters will make some effort to maintain the property they're living in.

[identity profile] verminiusrex.livejournal.com 2009-07-14 04:18 pm (UTC)(link)
Actually squatters are more likely to destroy the property because they have nothing invested in it. And besides squatters, abandoned properties are more likely to harbor vermin that affect all the surrounding properties.

[identity profile] xthread.livejournal.com 2009-07-14 04:36 pm (UTC)(link)
even squatters will make some effort to maintain the property they're living in

Erm, not necessarily - I had occasion to look at a property a couple of weeks ago that has been vacant for about twenty years. At some point along the way, vagrants had been living in it, and had decided that it would be a good idea to light a fire to warm the place up a little. Unfortunately, they chose to build the fire in the middle of the floor in one of the second floor bedrooms (instead of, say, in one of the fireplaces), so that chunk of first floor ceiling burned through.

[identity profile] telnar.livejournal.com 2009-07-14 09:26 pm (UTC)(link)
I'm not sure who squatters typically are. A gang or group of mentally ill homeless people aren't going to do nearby property values any good. On the other hand, a normal appearing family with the skill to con their neighbors into believing that they are owners/renters are likely to be a positive for property values.