On: Google could buy $110M worth of land, without subsidies, for San Jose megacampus

[kurthr]

If the property has low prop13 taxes, then there's not much cost to keeping it empty. Lots of older california real estate like that... entire shopping malls are empty and "appreciating in value".

[ende → kurthr]

Prop13 on commercial property really needs to be balanced with heavy vacancy taxes.

[ScottBurson → ende]

Prop. 13 on commercial property needs to be terminated.

[usaar333 → kurthr]

I don't understand this. If you are not receiving rent, that's a huge opportunity cost regardless of what you are paying in property taxes.