Earlier quoted context omitted.
Ruins market mechanisms too much. Taxing vacancies doesn't ruin the supply and demand equations.
it unfairly punishes property owners in soft rental markets like the one we have now. i’ve seen an unusual number of multifamily properties listed all over SF last few months.
Many landlords are bad at math from what I've found. If you're asking for $2400 and no one is biting, it makes more sense to drop to $2200 than hold out for a month to try and get $2400, because at $2400 it will take a year to catch up.