> Make it pointless to sit and hoard property I can assure you that property owners, in high cost of living areas, would love to "improve" their land, by build

> Make it pointless to sit and hoard property I can assure you that property owners, in high cost of living areas, would love to "improve" their land, by building lots of tall buildings on that land, if it were legal to do so. Its the laws that prevent them from acting on their incentives.