

That’s why the homestead credit would only be payable to the resident. Residency is what matters here not the paper owner.
I won’t claim there aren’t potential loopholes in a casually described plan, but the one you brought up doesn’t apply without fraudulent claims of residency.








It disincentivizes speculative holding and buying up inventory to reduce supply without demonstrated demand. Large landlords are willing to sit on vacant inventory in order to keep market rates high. By penalizing holding units vacant, that should incentivise either setting more competitive rents, or selling/not buying excess inventory.
In markets where there is a true undersupply of inventory and there aren’t vacancies then, yes, this policy wouldn’t have much benefit.