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I've thought about something like this-- self-assessment seems very promising. Two notes: * If a person's offer is accepted to buy their land, we need to figu
by bufordsharkley 10y ago
I've thought about something like this-- self-assessment seems very promising.
Two notes:
* If a person's offer is accepted to buy their land, we need to figure out how to agree upon the price of the improvements, too. I could imagine a system of arbitrators being useful here.
* People's natural loss-aversion would be a problem here-- one would expect a person to overstate the worth of their land by 50% or so.
- amazon_not 10y agoI don't think loss aversion would be a big problem, as the owner would not be required to sell. They'd only be required to pay tax on the difference, if higher offers come in.