Choosing to continue to lose money is a thing, too. And landlords won't do that for very long. Is supply and demand for housing elastic? That seems to be the c

Choosing to continue to lose money is a thing, too. And landlords won't do that for very long. Is supply and demand for housing elastic? That seems to be the central assumption in this whole theory. Georgists assume it's very inelastic. They're wrong. If you want to shatter that illusion, go drive from Dallas to Fort Worth and take a look at all the apartment buildings and housing subdivisions that are getting built. I can see how folks that live in CA might think that assumption is valid. But just because zoning laws and the property tax regime out there are broken doesn't mean we should adopt a new, even more broken, tax policy.