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A stiff land tax within major cities would probably be the most comprehensive solution. It would incentivize intensive use of land, leading to denser housing (c
by jhpriestley 11y ago
A stiff land tax within major cities would probably be the most comprehensive solution. It would incentivize intensive use of land, leading to denser housing (compared to a property tax, which incentivizes the opposite); it would also make urban land a less compelling investment, leading to lower prices.
- nosuchthing 11y agoTaxing used property in dense areas would likely just increase the costs further, although I assume that might be intended in the long run to push for more use of vertical space. More useful would be a tax which increases the longer a vacancy exists on unused lots, vacant or secondary apartments/housing, and property sales that have been unsold for X number of days. Real estate speculation and housing as financial instruments are basically contemporary feudalism.
- tibbon 11y agoI like a tax on vacant property. Especially commercial property.