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Yes but if you have a vacant property tax or greatly increases cost of holding and makes the risk reward less favorable for long term holding
by userinanother 3y ago
Yes but if you have a vacant property tax or greatly increases cost of holding and makes the risk reward less favorable for long term holding
- ejstronge 3y agoYou and I are in agreement (see my responses earlier in the chain). All of this has nothing to do with a land value tax; instead, some people believe that cities should not allow vacant properties. This is a fine opinion, but it does not need to invoke a 100 year-old theory on taxation
- userinanother 3y agoHow else you do punish vacant land? I suppose you could fine people but it’s the same as a tax in all but name