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Tax land value appreciation, that is the rent seeking part of the equation. You want to incentivize developers to create more units, you want to discourage peop
by VirusNewbie 4y ago
Tax land value appreciation, that is the rent seeking part of the equation. You want to incentivize developers to create more units, you want to discourage people buying units hoping to bank on appreciation.
- turtlebits 4y agoThen you’ve pretty much forced every retired homeowner to sell and move when their neighborhood starts to become desired.
- VirusNewbie 4y agoI didn’t mean as a property tax, I meant upon sale/transfer.