âThe primary purpose of the law is to fill empty homes,â supervisor Dean Preston, the lawâs chief backer, told Fortune Friday. âHolding housing off the market for a long time, when there are people who need housing, is bad for our city,â he said. âOur hope is that [the tax] is enough to change the decision making of the real-estate speculator or the owner of the property.â
Sometimes, developers have a strategy of buying buildings, removing longtime tenants, and then reselling at a profit, Preston said. More recently, some new constructions have failed to sell units amid a market slump, creating âzombie buildings,â the San Francisco Chronicle reported last month.
Linkage
Things Katy is reading.
San Francisco could get 90% of its homeless off the streets with the countryâs fiercest housing speculation tax, but landlords are already fighting it tooth and nail
in FortuneDouble the high-rises: Why density should be Melbourneâs destiny
in The AgeInfrastructure Victoria has used a major new report to call for changes including building 130 more buildings taller than nine storeys in the city centre, setting targets for constructing new homes in established areas and replacing stamp duty.
It sounds the alarm on the social, environmental and economic costs if Melbourneâs growth continues to be predominantly in outer suburbs, where 56 per cent of the cityâs development has been occurring.
Heat is making our planet uninhabitable. Why isn't this the top news story around the world?
in SalonIf wet bulb temperatures exceed 31°C (88°F), people cannot consistently perform physical labor without endangering their lives; in temperatures that exceed 35°C (95°F), a healthy human can die within a few hours without access to water or shelter. The authors of the PNAS study analyzed "wet-bulb temperature thresholds across a range of air temperatures and relative humidities" using bias-corrected climate change models. Their conclusions were sobering.
"Some of the most populated regions, typically lower-middle income countries in the moist tropics and subtropics, violate this threshold well before 3°C of [global] warming," the authors write.
Israeli Politician Says âChildren of Gaza Have Brought This Upon Themselvesâ
in MondoweissIt really is hard to imagine a more malicious statement than âthe children of Gaza have brought this upon themselvesâ when children in Gaza are now being massacred by the hundreds. But this was actually said in a recent Knesset session. And it wasnât someone considered an extreme right-winger, but a liberal centrist â Meirav Ben-Ari from Yair Lapidâs opposition party Yesh Atid.
âStarmer Is Complicit in Dehumanising Palestiniansâ: Why Labour Councillors Are Leaving
in TribuneTwo years ago, I was proud to be elected as a Labour councillor for Notting Dale, the ward in North Kensington, London, where I grew up. Since then, I have had the privilege of serving the community here and acting as deputy leader of the Labour group. Yesterday, I submitted my resignation from the party following Keir Starmerâs appalling statements, which amounted to the endorsement of war crimes committed by Israel against civilians in Gaza.
It is absolutely correct to unequivocally condemn the killing of innocent civilians on both sides. Instead of adopting this highly uncontroversial position, Keir Starmer chose to provide disturbingly one-sided support for Israel even as it was committing what he, as a former human rights lawyer, must have known to be war crimes.
New Study Definitively Confirms Gulf Stream Weakening
for Woods Hole Oceanographic InstitutionâWe conclude with a high degree of confidence that Gulf Stream transport has indeed slowed by about 4% in the past 40 years, the first conclusive, unambiguous observational evidence that this ocean current has undergone significant change in the recent past,â states the journal article, âRobust weakening of the Gulf Stream during the past four decades observed in the Florida Straits,â published in Geophysical Research Letters. The Florida Straits, located between the Florida Keys, Cuba, and The Bahamas, has been the site of many ocean observation campaigns dating to the 1980s and earlier. âThis significant trend has emerged from the dataset only over the past ten years, the first unequivocal evidence for a recent multidecadal decline in this climate-relevant component of ocean circulation.â
B.C. takes aim at short-term rentals with steeper fines, principal residence rule
in Vancouver SunThe B.C. government is taking aim at rule-breaking short term rental operators with a proposed law that would increase fines and ban most short-term rentals that arenât in the operatorâs principal residence.
The goal is to discourage landlords and investors from taking desperately needed suites off the long-term rental market by listing them on websites like Airbnb and VRBO. But housing officials acknowledge that almost 50 per cent of short-term rental operators are already flouting bylaws that exist in local communities.
Sunak takes British support for Israel to new extreme
in Declassified UKRishi Sunak has given Britainâs full approval to the flattening of Gaza.
Late on 7 October, the prime minister tweeted âwe stand unequivocally with Israelâ. Sunak had expressed âfull solidarityâ to Benjamin Netanyahu, the tweet added.
As Netanyahu had promised âmighty vengeanceâ following the Hamas-led offensive that morning, there was no room for doubt about the signal which Sunak was sending.
In a few words, Sunak took Britainâs foreign policy to a new extreme.
Israelâs âmighty vengeanceâ is shaping up to be its most destructive bombardment ever of Gaza and its 2.3 million inhabitants.
A âmighty vengeanceâ endorsed by 10 Downing Street.
"Web Environment Integrity" is an all-out attack on the free Internet
for Defective by DesignUsing a free browser is now more important than ever. We've written recently on this topic, but the issue we wrote about there was minor compared to the gross injustice Google is now attempting to force down the throats of web users around the world. The so-called "Web Environment Integrity" (WEI) is the worst stunt we've seen from them in some time. Beginning its life as an innocuous, if worrying, policy document posted to Microsoft GitHub, Google has now fast-tracked its development into their Chromium browser. At its current rate of progress, WEI will be upon us in no time.
By giving developers an API through which they can approve certain browser configurations while forbidding others, WEI is a tremendous step toward the "enshittification" of the web as a whole. Many of us have grown up with a specific idea of the Internet, the notion of it as a collection of hyperlinked pages that can be accessed by a wide variety of different machines, programs, and operating systems. WEI is this idea's antithesis.
Jeremy Corbyn: âI Condemn Violence Against All Civilians, Why Canât Keir Starmer?â
in TribuneI don't think Jeremy wrote the headline for this.
We should condemn the targeting of all civilian life, no matter who does it. That this is apparently controversial is testament to the depravity of a media and political class that shuts down, distorts and denounces calls for peace. The heinous attacks on civilians in Israel by Hamas were utterly deplorable.
This cannot justify the indiscriminate killing of Palestinians, who are paying a price for a crime they did not commit. All human life is equal. Why is it so difficult for our politicians to be consistent in this basic moral principle?
This is the question that many people in this country are asking when they express solidarity with the Palestinian people. They are not expressing support for Hamas. To deliberately conflate the two is a disgusting, cynical and chilling attempt to further erode our democratic rights, and wilfully ignores a very basic demand: to stop the killing of innocent people.