4 ms·
Can't produce more land. Best we can do is tax people for hoarding it
by rcpt 4y ago
Can't produce more land. Best we can do is tax people for hoarding it
- kriops 4y agoBest we can do is certainly not increase the cost of land, and thus increase the required price of rent/housing to break even. Less regulatory obstacles to increase supply, i.e. build housing, is the correct answer.
- rcpt 4y agoLand Value Tax would decrease the cost of land as it makes land speculation less attractive. People won't be willing to bet on much on real estate if increased prices come with a tax penalty.
- colinmhayes 4y agoLand value tax reduces the cost of the land needed for housing since it incentivizes density. Building taller means each person lives on less land.
- idoh 4y agoYou can increase density.