Though I don't think this is necessarily a bad idea, why not require rent payments be rewarded with a proportion of equity shares equal to rent (less a small prercatage for upkeep)? That's entirely within the capitalist model but drives value into the hands of the people/occupants where it belongs. Aggregating land holding to a small class of the population is clearly untenable. Give people their equity back. Seems more direct.
A penalty for units that have been vacant longer than 6 months makes sense.
Units need to be rehabbed, but keeping a property uninhabited for long periods of time should have a disincentive tax applied to them.
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