3 ms·
It's intentional. If housing was cheap, land owners wouldn't reap the windfall of value appreciation, and there'd be no way to maintain a serf class.
by CuriouslyC 3y ago
It's intentional. If housing was cheap, land owners wouldn't reap the windfall of value appreciation, and there'd be no way to maintain a serf class.
- nayuki 3y agoThat's why we need a land value tax as Henry George proposed. People should not be able to make money by squatting on land and waiting for its value to appreciate - whether as a owner-occupier or as a landlord.