4 ms·
If vacant lots and low density housing were taxed more, a lot more of it would be yielded to build high density housing. Allowing land to be treated as a gold
by crdoconnor 8y ago
If vacant lots and low density housing were taxed more, a lot more of it would be yielded to build high density housing.
Allowing land to be treated as a gold bar like store of hoardable value will inevitably leads to a restricted supply.
- teej 8y agoThe problem in SF is not that property developers don’t want to build high density housing. It’s local government and NIMBY-ism actively blocking and restricting it.
- denverkarma 8y agoBut also wealthy single family owners being heavily subsidized by prop 13.
- crdoconnor 8y agoIf you were handed a pile of gold wouldn't you try to protect its value? NIMBYism in SF real estate is all about people protecting their $2+ million investments. If the "gold bar" suddenly becomes a major tax liability NIMBYism will dissipate. Building regs are only a small part of the story.