As someone who lives in a corporate owned building which is an unmitigated disaster, I agree.
this post was submitted on 16 Jan 2024
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Wait how can they? Wouldn’t them being able to buy it not make it “residential” anymore?
Cause a hotel is not a residential property.
Unoccupied residential properties should be taxed at double the normal rate.
And any resident who stays in the "hotel" is classified as a resident. No dodgy the taxes by calling it a hotel.
I wish every corporation buying residential properties a very haven hills alabama