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The only thing land value tax incentives is raising the building value to land value ratio. It says nothing about what kind of building is optimal.

• naasking 4y ago
  It doesn't explicitly say anything no, but what does an LVT entail given how humans tend to value property? For instance, in NYC would it incentivize building a bunch of shoeboxes or actual livable space?
  • colinmhayes 4y ago
    It would incentivize building a comparatively more expensive building that maximizes the developers profit. Whether that means shoeboxes or livable space depends on how much those things cost to build and how much people are willing to pay for them. If you just want single family homes with a big lawn you probably shouldn’t be living in Manhattan, which is the point of lvt.
    • naasking 4y ago
      > It would incentivize building a comparatively more expensive building that maximizes the developers profit. Whether that means shoeboxes or livable space depends on how much those things cost to build and how much people are willing to pay for them. Yes, exactly. And my point is that a city shouldn't optimize along one direction like this, because families work in urban centres too. There should be a mix of housing for single people and families in the same urban areas, or you drive the families out of the city and encourage commuting and urban sprawl.