Leftists destroyed this country's housing market with habitability warranties, zoning laws, rent control, and high taxes. Now they're acting as though the free market caused the housing shortage that came about as a direct result of their inept mismanagement. We're currently fixing up a house in San Francisco that we own, but at this point it might be worth more to us if we keep it off the market (as we've done for the past five years). If we try to rent it, we'll either end up with section 8 getting forced on us or we'll spend years trying to find trustworthy people to live there who won't immediately stiff us on rent and force us through a years-long eviction process. At least by keeping the unit empty, we'll be able to maintain it at its current market value rather than have sixteen poor people move in and immediately turn it into a dump.
Doesn't San Francisco have an "empty housing tax"? Because that seems to be one of the most common ways that left of centre parties try to combat ever rising rent prices (alongside other stuff like price controls).
Then again such "empty housing taxes" tend to be used more against banks and real state agencies than against individual household owners but still