4 ms·
Land Value Tax is probably the best way, the LTV can be tied to rent, so that if your rent is lower than the average in your area then your LTV overall goes dow
by gremlinsinc 4y ago
Land Value Tax is probably the best way, the LTV can be tied to rent, so that if your rent is lower than the average in your area then your LTV overall goes down, etc. LVT can also go up based on how much is NEEDED to ensure everybody can afford a roof, no matter which part of the country they live in, and it should be more focused I think on just giving a set amount based on rent costs in your area, because the costs of living vary considerably, but people born/raised in SF shouldn't be forced to move to detroit just because it's cheaper when all their friends/family live back in SF.
People need to get over the ... but but X got more than me.... if you're worried about that then move to SF and you'll get as much as they get, because it all goes to landlords anyways.
Also much bigger restrictions on housing is needed with an airbnb or hospitality tax for any short-term rentals. Something that makes it almost worth just converting to a long-term instead.