It's the property price that is the issue And a Land Value Tax instead of traditional property tax would go a long way to solving this problem. (Basically, tax

It's the property price that is the issue And a Land Value Tax instead of traditional property tax would go a long way to solving this problem. (Basically, tax the value of the raw land, not the man-made property on top.) It would prevent speculative ownership of land and encourage development of underused land in high-value areas. It would also capture a lot of the value of urban development, so that the urban area gets the money rather than private owners who simply got lucky enough to buy the property.