3 ms·
I believe that right now, people perceive that land rents are (relatively) subsidized. So people chase that subsidy.
by ArkyBeagle 10y ago
I believe that right now, people perceive that land rents are (relatively) subsidized. So people chase that subsidy.
- eru 10y agoLand rents are depressed by taxes on capital and labour. (Without those taxes, people have more money to bid up land.) However land rents are not taxed (very much) by themselves, so fall squarely to the owner of the land. So in that sense they are definitely worth chasing today.