The problem is current speculation on land is relatively easy. Having to lobby for a change in zoning one-way when you buy the land and having to take on the ri

The problem is current speculation on land is relatively easy. Having to lobby for a change in zoning one-way when you buy the land and having to take on the risk of not being able to get the change of zoning back the other way when you sell it is a significant risk. I'd also argue because LVT rates are much higher as percentages than property tax rates, holding the land would still be more expensive than the solution. I agree there are also significant issues with zoning, but zoning alone won't solve the problem. A bunch of people capture a bunch of economic rents unearned, and it would be much better for government to capture these economic rents as part of the system and charge us less tax on things that actually are earned.