3 ms·
You would never get forced out by developers. You'd sell up because you can't afford the land value tax. This puts that property to a more efficient use. Whoeve
by markdown 5y ago
You would never get forced out by developers. You'd sell up because you can't afford the land value tax. This puts that property to a more efficient use. Whoever takes over your property will pay the high taxes, and wherever you move will have lower taxes.
- ceejayoz 5y agoMaking situations like https://www.latimes.com/local/california/la-me-lopez-commute-cherry-20171216-story.html https://www.latimes.com/local/california/la-me-lopez-commute... even worse? Gross.
- markdown 5y agoYou have it completely backwards. LVT would solve that, because all the people using the little parcels of land for a single family home would no longer be able to afford the taxes on their land. They'd sell to developers who'd have to build huge apartment complexes, making housing affordable again. LVT ensures that each unit of land is put to its most productive purpose.