4 ms·
You can not easily create more land, as a country.
by kkjjkgjjgg 5y ago
You can not easily create more land, as a country.
- loeg 5y agoYou could increase density, though, if local zoning did not forbid it.
- kkjjkgjjgg 5y agoJust like that? Why shouldn't people have the right to live in less dense places, if they pay for it?
- yobbo 5y agoRealistically only an issue in places like Singapore or Hong Kong. The scarce asset is not actually land but infrastructure such as roads, water, sewage and electricity. These are usually financed publicly, but the increase in land value usually befalls the lucky house owners. Here is one of the justifications for property tax.