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San Francisco voters will be faced with a ballot measure next month on whether to impose a “vacancy tax” on multi-family units that sit empty for too long. Proposition M is targeting real estate investors who park their money in properties that remain unoccupied. Hi, I'm Kathy Fettke and this is Real Estate News for Investors. If you like our podcast, please subscribe and leave us a review. Proponents of Prop M claim that the city’s housing shortage is at least partially due to investor-owned properties that sit vacant for long periods of time. And that by imposing a progressive tax on the vacant units, investors will be motivated to rent them out or sell them to someone who wants to live in them. Proposition M Exemptions Owners of vacant single-family homes and duplexes would be exempt. Although some proponents feel the rule should be applied across the board, it would only apply to units that have sat empty for 182 days or more in buildings with three or more units. There would be other exemptions for non-