Land rights are not free. Landowner has to convince other people that he can occupy his land. How? He pays a fee proportional to his land's market value so that

Land rights are not free. Landowner has to convince other people that he can occupy his land. How? He pays a fee proportional to his land's market value so that others don't squat there. Now this fee is just named Land Value Tax for convenience despite it not being a tax. This would be the ethically fair system. Of course in the present world the landowner class successfully lobbied that the fees are subsidized by other people from their income and similar taxes. There you have an explanation of the perpetual housing boom, because it is highly subsidized investment and there is only so much of it. This doesn't apply just for land but for anything life necessary which can't be easily created anew. If someone poisoned 90% of water on earth you'd have the same thing.