I doubt this very much. They'd be incentivized to make more improvements. Under our current regime what is currently a smaller profit would translate into losse

I doubt this very much. They'd be incentivized to make more improvements. Under our current regime what is currently a smaller profit would translate into losses under LVT. Theoretically there's no difference between a smaller profit than is possible and a loss for rational profit maximizing agents but the psychological difference is huge.