A 4 plex in the neighborhood will raise property values. If you can 5x the land's income earning potential it is more valuable. This is the whole idea behind a

A 4 plex in the neighborhood will raise property values. If you can 5x the land's income earning potential it is more valuable. This is the whole idea behind a land value tax. Think of it this way - Single (wealthy) families are competing for the land because it is illegal for more than 1 family to live on the land. Multiple (not wealthy) families could be pooling their money and competing for the land. Which drives the property value up? I would love to have 10 median income families who pooled their money (500k/yr) bidding up my land value versus single (top 5%) households (250k/yr).