Yup, that too. It’s another consideration that I don’t think ought to be made for land appreciation. In fact, because it doesn’t account for inflation, for the

Yup, that too. It’s another consideration that I don’t think ought to be made for land appreciation. In fact, because it doesn’t account for inflation, for the longest holders of land, a high LAT functions like a very mild LVT in practice, while also neutralizing the attractiveness of land as an investment vehicle in general.