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“More than a thousand homes, plus such landmarks as the Ambassador Hotel and Hollywood Star Lanes (from The Big Lebowski) were plowed over, only to create an overall building stock that now stands half-empty, incurring massive sunk costs.”

“Critics of empty home taxes point to the minimal, consistent tax revenue these levies raise as evidence that only a small number of homes remain persistently unoccupied and the tax does little to bring them back onto the market.”