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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 sol
by 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 agoNow minimum rent becomes the value of land rent, I still think increasing taxes hurt the people paying rent.
- Rastonbury 5y agoJust 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 agoIt'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.