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>>Recurring land value taxes would prevent people from hoarding property as an appreciating asset without putting it to productive use. There is an awful lot o
by ejb999 5y ago
>>Recurring land value taxes would prevent people from hoarding property as an appreciating asset without putting it to productive use.
There is an awful lot of people, myself included, that don't feel vacant land is 'unproductive'. We still need trees, and places for animals to live. I for one don't want to see all available land developed.
- throwaway48375 5y agoNot vacant land vacant housing. For example there is a small apartment complex near me that was bought by an out of state investor. They moved their kids into one unit to keep an eye on the place. The rest of the units they aren't renting out. Why bother dealing with renters when the property value has more than doubled since they bought it?