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An idea: Do like some place in Europe did, property tax based on building footprint-- not in useable sq ft. This encourages growth upwards.
by stevecalifornia 9y ago
An idea: Do like some place in Europe did, property tax based on building footprint-- not in useable sq ft. This encourages growth upwards.
- koolba 9y agoThat'll never fly in the heart of NIMBY country. They won't even let you add an extension, let alone demolish a low rise to build a high rise.
- hypersoar 9y agoA lot of people in cities are trying to fight growth upwards. They are not for want of ways to encourage it.
- cortesoft 9y agoThere are already plenty of incentives to build up, as pointed out in the article; the issue is that existing home owners in the area have a strong incentive to fight against it.
- nwah1 9y agoThis is thinking along the right lines, but the only non-arbitrary solution is a land value tax. The effects are profound. https://en.wikipedia.org/wiki/Land_value_tax https://en.wikipedia.org/wiki/Land_value_tax