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We basically have this in the UK with green belts, it just means that prices go up within the belt, and anywhere commutable outside swiftly rises too.
by dkdbejwi383 5y ago
We basically have this in the UK with green belts, it just means that prices go up within the belt, and anywhere commutable outside swiftly rises too.
- iso1631 5y agoLand price increases. The problem is that land isn't taxed, and property is. A one family building taking 100 square metres costs £3k a year in council tax. A 50 flat block on the same space costs £100k a year.