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> 1) Zoning laws have to change as well to actually allow development of the land being taxed toward more productive ends. This is addressed to some extent, wi

> 1) Zoning laws have to change as well to actually allow development of the land being taxed toward more productive ends. This is addressed to some extent, with the argument that zoning reforms are more practical because existing property owners are incentivized to support rather than fight zoning updates that allow more development, so they can fully maximize the ratio of their revenue against the tax. (“It turns NIMBYs into YIMBYs,” she quotes a researcher as saying.)

jjav 4y ago
> existing property owners are incentivized to support rather than fight zoning updates that allow more development Regular people who own some land are not going to have the capital or skillset to tear down their house and build a highrise on the plot of land. So what a LVT does, is to force individual landowners to sell land off to giant developer corporations who do have the resources to make it happen. Consolidation of all ownership onto a few large players is not a good thing for society.
- mikem170 4y ago
  > Consolidation of all ownership onto a few large players is not a good thing for society. For the past few decades a large percentage of new housing has been built by large developers who buy cheap land just outside of town, clear cut it, then build a bunch of cheaply made identical houses in complexes with nothing else allowed, leaving behind an HOA to enforce conformity. The laws encourage these large developers, and sprawl. It's too much overhead for an individual or a small developer to build in an established neighborhood, especially if they are not building expensive housing. Even lately hedgefunds and other large investors have been buying up housing at a greater rate, because they know the supply has been restricted by law. They'll squeeze everyone they can for money and lobby to keep their gravy train going.
- imtringued 4y ago
  >So what a LVT does, is to force individual landowners to sell land off to giant developer corporations who do have the resources to make it happen. Now those giant corporations are finally paying their damn taxes.
  - syspec 4y ago
    And how does that specifically help a family?
    - epistasis 4y ago
      They have a home to live in, close to jobs, schools, and other families, at prices they can afford.

jjav 4y ago

> existing property owners are incentivized to support rather than fight zoning updates that allow more development Regular people who own some land are not going to have the capital or skillset to tear down their house and build a highrise on the plot of land. So what a LVT does, is to force individual landowners to sell land off to giant developer corporations who do have the resources to make it happen. Consolidation of all ownership onto a few large players is not a good thing for society.

mikem170 4y ago
> Consolidation of all ownership onto a few large players is not a good thing for society. For the past few decades a large percentage of new housing has been built by large developers who buy cheap land just outside of town, clear cut it, then build a bunch of cheaply made identical houses in complexes with nothing else allowed, leaving behind an HOA to enforce conformity. The laws encourage these large developers, and sprawl. It's too much overhead for an individual or a small developer to build in an established neighborhood, especially if they are not building expensive housing. Even lately hedgefunds and other large investors have been buying up housing at a greater rate, because they know the supply has been restricted by law. They'll squeeze everyone they can for money and lobby to keep their gravy train going.
imtringued 4y ago
>So what a LVT does, is to force individual landowners to sell land off to giant developer corporations who do have the resources to make it happen. Now those giant corporations are finally paying their damn taxes.
- syspec 4y ago
  And how does that specifically help a family?
  - epistasis 4y ago
    They have a home to live in, close to jobs, schools, and other families, at prices they can afford.