2 ms·

But we just saw that when zoning goes up against financial incentives, zoning wins. Why would more financial incentives help when you can't build anyway? Seems

• no_wizard 3y ago
  It’s the reverse really. Though I didn’t realize prop 13 effectively prohibits a LVT, the way it works in simple broad strokes is that it heavily taxes under utilized land, so holding vacant property or undeveloped land etc. becomes more expensive over time. It incentives utilization and thereby would drive more building faster and increase supply, as the more utilized the land becomes the better off it is for the land owner