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Paris doubles tax on vacant homes to bring properties back onto rental market

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The Paris City Council has voted to sharply increase taxes on vacant homes in an effort to ease the capital's housing shortage.

The new surcharge, approved by councillors on Saturday July 18th, will replace the existing local tax on vacant properties and will apply to homes that have been empty for at least one year in areas where housing demand exceeds supply.

It will come into effect on January 1st, 2027.

Under French law, the standard tax rate is currently set at 17 percent of a property's rental value in the first year of vacancy, rising to 34 percent from the second year.

However, municipalities are now allowed to increase those rates to 30 percent and 60 percent respectively - a power Paris has now chosen to use.

According to Paris City Hall, the higher rates could almost double the amount owed by owners of empty properties. The city gives the example of a vacant 30-square-metre apartment in the 17th arrondissement, where the annual tax would rise from around €790 to €1,400 in 2027, before increasing to €2,800 from 2028 if the property remains empty.

Deputy Mayor for Housing Jacques Baudrier described the vote as a "major victory after 10 years of struggle" in a post on X.

Baudrier, who has been deputy mayor in charge of housing under Anne Hidalgo since 2023 and then under mayor Emmanuel Grégoire since 2026, recently said: "People want to live in Paris but can no longer afford to do so.

"The property market has become a market for luxury and status symbols – much like a Rolex or a Tesla.

Paris officials hope the measure will encourage the owners of around 20,000 long-empty homes to put them back on the rental market.

According to France's national statistics agency INSEE, nearly 140,000 homes in Paris are officially classified as vacant, representing around 10 percent of the city's housing stock. However, not all of these properties are considered permanently empty, and only a proportion are expected to fall within the scope of the higher tax.

The city says it also offers support programmes to help owners renovate and rent out vacant properties.

Housing campaigners welcomed the move but said it should be part of a broader strategy to address the capital's housing shortage.

Eddie Jacquemart, president of the national housing confederation (Confédération nationale du logement), called the decision "a real victory" and said other French cities facing housing shortages should consider adopting similar measures.

He argued that some owners deliberately leave properties empty while waiting for prices to rise before selling, while others avoid long-term rentals in favour of illegally operating short-term holiday rentals.

"Some homes are only vacant on paper," Jacquemart told French media France Info. "They are clandestine Airbnbs. Owners prefer to rent them informally for short stays rather than through official long-term leases."

He added that increasing taxes on empty homes was "a first step", but said Paris would also need to build more housing, particularly social housing, to meet growing demand.

READ ALSO: France to impose new high rate of tax on vacant homes

Paris city hall has recently stepped up enforcement of illegal Airbnb rentals, handing out fines of up to €200,000 to owners caught with unregistered rentals.

In central Paris, up to one third of properties are in use as second homes - the city authorities say that they favour hiking tax on these too, and have called on the government to reform property tax rules in next year's budget in order to allow this.

READ ALSO: Paris deputy mayor says second-homes are 'the enemy' and calls for new property tax laws

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cherjr
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левые сволочи: конечно, проще обложить ещё, чем дать нормально выселять неплательщиков
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Анекдот дня по итогам голосования за 12 июля 2026

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Я понял, что произошло с бензином!
Сначала они подумали, что дроны летают, используя интернет.
Интернет отключили, а дроны, как летали, так летать и продолжили....
И тут их осенило - они летают на БЕНЗИНЕ!
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Анекдот дня по итогам голосования за 11 июля 2026

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Президент США Дональд Трамп оставил инструкцию разбомбить Иран в случае своего убийства.
Израиль воодушевлен.
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AI Giants Are Handing Out Tons of Free Computing Power to Grab Startup Share - WSJ

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LLM (google/gemini-3.1-flash-lite-20260507) summary:

  • Market Competition: leading artificial intelligence companies are aggressively providing financial incentives to capture new enterprise clients.
  • Startup Benefits: founders receive substantial computing credits and token subsidies that reduce reliance on external capital funding rounds.
  • Strategic Pricing: major providers utilize volume discounts and special access to engineers as instruments to secure long term market integration.
  • Cloud Subsidies: large technology firms including google microsoft and amazon provide significant cloud infrastructure credits to assist startup growth.
  • Competitive Landscape: intense pressure to increase margins ahead of anticipated public offerings drives these firms to fight for startup partnerships.
  • Accelerator Focus: major ai providers target y combinator cohorts with multi million dollar credit offers sometimes in exchange for equity.
  • Volume Incentives: current rate structures allow high usage of expensive token models at a fraction of their standard market price through subsidies.
  • Industry Lock In: model developers offer free infrastructure access to prevent startups from migrating to cheaper international or open weight alternatives.

Investors and startup founders mingling outdoors at Y Combinator Demo Day.Investors mingling with startup founders at Y Combinator Demo Day in San Francisco in March. Poppy Lynch for WSJ

Hans Ibarra, a founder building an AI-voice startup, has found himself on the receiving end of a big opportunity: Top artificial-intelligence companies such as OpenAI, Anthropic and others desperate to win his business are ramping up discounts.

Across Silicon Valley, startup founders like Ibarra are enjoying a wave of computing credits and fielding competing offers from AI-model makers racing to land new enterprise customers. Cursor, the AI-coding company bought by Elon Musk’s SpaceX, offered a 75% discount through July 5.

The offers from growing AI-sales armies at companies such as OpenAI and Anthropic are so rich that some early-stage startup founders say they won’t need to raise money as soon as they expected, and others have been able to play AI companies off one another. Startups have received offers that in some cases amounted to more than $3 million in credits from multiple companies for cloud computing and tokens, the central units used to measure and charge for AI usage, founders say. That is the size of the median U.S. seed round, according to PitchBook.

Alphabet’s GOOGL 1.82%increase; up pointing triangle Google Cloud is giving some startups up to $500,000 in cloud credits and early access to Gemini models. It also occasionally offers special access to DeepMind engineers, a Google spokesman said. Microsoft and Amazon Web Services also offer startups special perks.

The pitched battle for business users comes as AI companies seek lasting streams of revenue. They hope that by winning startups as customers early in the life of new companies, their tools will become integral to the venture’s growth over time.  

OpenAI and Anthropic are offering a string of promotions and one-time bonuses, even as both companies face enormous pressure to improve their margins ahead of expected initial public offerings. They also face competition from increasingly powerful “open weight,” or free models, as well as cheaper ones, many of which were developed in China.

The token deals available to founders “directly correlate to the scale you can grow your product,” said Ibarra, co-founder of Dialogus. “If you’re not getting this deal, you will need to raise money to buy those.”

Anthropic’s revenue skyrocketed late last year as millions of new users tapped their Claude Code and Cowork software to autonomously complete a range of tasks. Claude’s viral popularity helped launch the “agentic” AI era, in which top AI companies are increasingly focused on building tools that customers can use to complete long-running knowledge-work tasks, such as coding and deep research.

For months, OpenAI struggled to match the strength of Anthropic’s coding-focused models and products, giving its younger rival the advantage in the lucrative enterprise market. Companies initially nudged employees to use AI more in their work, but soon some saw the bills as prohibitively high.

OpenAI’s fortunes began to change after the March release of a new model, called GPT-5.4, that matched many of Anthropic’s capabilities. The company has since deployed its salespeople to sell its Codex tool, which is powered by its GPT model, to startups across Silicon Valley, oftentimes offering volume discounts and other sweeteners to win new customers.

Semianalysis, an AI-infrastructure data and consulting firm, recently published research showing how heavily the companies are subsidizing power users.

Subscribers to Anthropic’s Claude Max plan, which costs $200 a month, are able to burn tokens worth $8,000 in their usage-based plans administered through an application programming interface, or API, which allows them to integrate Anthropic’s technology into their products. Maximum use of OpenAI’s ChatGPT Pro 20x plan, which also costs $200 a month, can burn tokens worth $14,000.

In their quest to secure new business customers, Anthropic and OpenAI have zeroed in on startups participating in Y Combinator, the Silicon Valley institution that launched Airbnb and Stripe. In May, Sam Altman announced that OpenAI would give $2 million in token credits to every startup participating in the accelerator program in exchange for equity in those companies.

YC startup founders sit in an auditorium during Demo Day.Y Combinator runs four cohorts a year. Poppy Lynch for WSJ

Around the same time, Anthropic began offering Y Combinator startups $500,000 in free credits, a sharp increase from the $30,000 it previously offered, an Anthropic spokeswoman said. Anthropic’s offer doesn’t require startups to give up equity.

Soon afterward, in recent weeks, OpenAI adjusted its deal, offering startups $500,000 in free credits—no equity required—with an optional additional $1.5 million in credits in exchange for equity, according to people familiar with the matter.

The back-and-forth reflects the intense battle the companies are in to sway young startups that could become large customers in the future. Model providers hope that by offering these companies discounts, they can lock them into their ecosystem. 

At an event hosted to kick off the summer season of Y Combinator’s program, representatives from OpenAI and Anthropic, among others, met with startup founders and offered advice about making the most of their token usage, including by embracing loop engineering, or teaching AI agents to repeat a task until they have achieved their assigned goal.

Touchmark, an AI startup that was accepted by Y Combinator in May, was immediately granted $1 million in token credits from OpenAI and Anthropic before the accelerator even kicked off its summer session.  

For Ilia Bolgov, co-founder of Touchmark, the credits meant “quite a lot of time to go all-in on tokenmaxxing,” a term for using as many tokens as possible, he said. “It’s hard to imagine productivity now without these deals.”

The credits represent a massive potential investment on behalf of the model providers. Y Combinator runs four cohorts a year, with recent cohorts enrolling about 200 companies each, meaning OpenAI and Anthropic could offer up to $800 million in combined AI credits in the next year.

“The world of AI is being powered by OpenAI and Anthropic because they are giving startups the money to pay for it,” said Christopher Acker, co-founder of SuperPenguin, a firm that helps companies track their AI spending.

“If I’m choosing between a really cheap Chinese model that I actually have to pay for, and a very expensive Anthropic model that I don’t have to pay for, I’m going to pick the Anthropic model,” Acker said. “I’m always going to pick the one for which I have free credits.”

Copyright ©2026 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

Angel Au-Yeung is a finance and technology reporter for The Wall Street Journal in San Francisco. She covers business leaders, startups and Silicon Valley culture. She has won several national awards for her work, including investigations into a Russian billionaire's ownership of dating app Bumble, the final months of the late former CEO of Zappos Tony Hsieh and the downfall of crypto-trading firm FTX.

She is the co-author of "Wonder Boy: Tony Hsieh, Zappos and the Myth of Happiness in Silicon Valley," which was named one of the best business books of 2023 by the Financial Times and described by the New Yorker as "mandatory reading for anyone who is interested in big tech."

Berber Jin covers startups and venture capital out of the Wall Street Journal's San Francisco office. His articles focus on the money and people powering Silicon Valley, with a recent focus on artificial intelligence. He previously covered the same topic for the Information, where he won a Best in Business award from the Society for Advancing Business Editing and Writing.

Berber is originally from Scarsdale, N.Y., and graduated from Stanford University.

Kate Clark covers startups, venture capital and artificial intelligence for The Wall Street Journal and is based in New York. Her reporting examines venture investment, private market dealmaking and the power dynamics between founders and investors in Silicon Valley and beyond. Previously, Kate was a senior reporter at Bloomberg News and a deputy bureau chief at The Information, where she led coverage of the venture capital and startup industry. She began her journalism career at TechCrunch and has won multiple Best in Business awards from the Society for Advancing Business Editing and Writing, including for breaking news coverage of OpenAI and for technology and markets reporting.

A Seattle native, she earned her degree from the University of Washington.


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'Not a single brick laid': MP's 100-bed hospital fully functional on 'paper' for 6 years, with 87 staff members | Indore News - The Times of India

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INDORE: In a bizarre administrative anomaly that has left the local health department scrambling for answers, a proposed 100-bed civil hospital in Indore's Khajrana area has been fully functioning "on paper" for six years, despite not having a single brick laid, or even a finalized plot of land.Six years ago, Madhya Pradesh state government announced the setting up of a modern civil hospital in Khajrana.While the search for an appropriate site dragged on, the bureaucratic machinery kept moving. The department sanctioned 87 posts for doctors, nurses, and paramedical staff specifically for this non-existent facility.Over the years, routine transfers and postings were actively carried out to fill these roles.Currently, around 80 of these assigned employees are working at alternative locations, including PC Sethi Hospital, Hukumchand Hospital, and various local Sanjivani Clinics across the city.Addressing the unusual situation, deputy chief minister Rajendra Shukla clarified the history of the project, stating, "Initially, an urban PHC (Primary Health Centre) operated here, which was upgraded to a 50-bed civil hospital and later planned as a 100-bed facility.
However, construction couldn't begin due to the unavailability of suitable government land. Until the building is constructed, the sanctioned staff has been deployed to other government medical institutions, and the search for land remains underway."The opposition has hit back hard, calling out the government for severe negligence. Former minister Sajjan Singh Verma questioned how appointments and transfers could go on for years for a building that does not exist."We will raise this issue prominently in the upcoming assembly session and demand answers," Verma stated, calling for a high-level investigation.Meanwhile, chief medical and health officer (CMHO) Dr Madhav Hasani highlighted the logistical bottlenecks:"Finding a large piece of government land within the city limits is not easy, which delayed construction. We attached the nursing and paramedical staff to Sanjivani Clinics and other hospitals so their skills are put to active use."

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Ходили сегодня в романские залы Национального музея искусств Капитолонии с замеч...

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Ходили сегодня в романские залы Национального музея искусств Капитолонии с замечательным гидом Анной Германовной Ермолаевой. Разумеется, обсуждая романскую архитектуру, говорили о том, что к тысячному году все ждали конца света, а после тысячного пытались обжиться в новой, нежданно бонусной жизни.
Аня остроумно заметила, что русь крестилась в 988 году, то есть за 12 лет до твёрдо заявленного и общеизвестного конца света. Быстренько крестануться и сразу на небеса. Все сдохнут, а мы в Царствии Небесном. Это вот и есть традиционные православные скрепы

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