It would make expensive cities even more expensive and encourage building for the sake of building. Open areas would be punished by having them undeveloped with

It would make expensive cities even more expensive and encourage building for the sake of building. Open areas would be punished by having them undeveloped with a tax on everything. America also has plenty of housing, in expensive areas(coastal, mountain) we need to ban vacation rentals and make taxes very high on second houses, also prohibit hedgefunds from buying houses for rental units. This would end the housing crisis in expensive areas over night. And the drag on our economic growth is due to companies that can support remote work not allowing it(google, apple etc) which creates fierce competition for real estate to work near a job that can be done anywhere in the US. So our problems are totally self inflicted and don't need a land value tax.