4 ms·
You don't need a command economy or eminent domain to pursue lower prices. There are numerous policies that could be changed to have that effect: * Get rid of
by TheCoelacanth 10y ago
You don't need a command economy or eminent domain to pursue lower prices. There are numerous policies that could be changed to have that effect:
* Get rid of Prop 13. It discourages property owners from selling or re-developing their property leading to higher prices.
* Get rid of the mortgage interest deduction. It is a subsidy to homeowners which causes higher prices.
* Get rid of zoning regulations that prevent property owners who want to re-develop their property from building higher density.
* Institute a land value tax. Instead of the current property tax structure which charges people who are under-utilizing land less than people who are utilizing it more efficiently, charge them the same amount to encourage the land to be used for the most valuable use.