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If viewing rights exist they should be taxed (at a premium). The valuation should be greater than the loss of all the affected height-lines.
by mjevans 10y ago
If viewing rights exist they should be taxed (at a premium). The valuation should be greater than the loss of all the affected height-lines.
- arjunnarayan 10y agoEasier still to take the Coasian view. Viewing rights (by default) do not exist. You are free to side contract with other property owners to ensure your viewing rights by paying them.
- jandrese 10y agoThat's a risky position IMHO. You create a situation where it becomes profitable to threaten to erect a tall structure in order to extort money from the neighbors.