3 ms·

Land value tax = Higher rent, no?

• pydry 5y ago
  No change short term, long term lower rent. LVT pressures land owners to use land more productively = more rental units available = lower rents. It means lower property prices though, and it would push a lot of mortgaged property underwater.
• eushebdbsh 5y ago
  if tax is same for single family as high density tax will be spread out over lots of people in high density
• thematrixturtle 5y ago
  Not in the long term if it leads to unproductive property being put to better uses, like building housing. Land value taxes aren't a silver bullet that can solve problems like California's permitting process, but it would certainly align incentives in a much healthier direction than Prop 13 does.
  • Schopenhauer01 5y ago
    Now minimum rent becomes the value of land rent, I still think increasing taxes hurt the people paying rent.
  • Rastonbury 5y ago
    Just to add, Singapore is quite unique in that it has like 85% homeownership (most of it government housing) and there are virtually no homeless people
    • unmole 5y ago
      It's closer to 78% and that is still potentially misleading .Young people living with their parents because they can't get a HBD flat are also included in that 78% figure.