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> For example, in my city we have a carwash with its improvements valued at $400,000 and a biotech building with its improvements valued at $275,000,000. That'
by Turing_Machine 3y ago
> For example, in my city we have a carwash with its improvements valued at $400,000 and a biotech building with its improvements valued at $275,000,000.
That's well and good, but, you know, people still want to wash their cars, and probably don't feel like driving 30 miles out of town to do it.
- carbocation 3y agoThe pro-land value tax response is that, if someone really believed people highly valued washing their cars in the city, one could open up a car wash on expensive land. If people really don't want to drive 30 minutes but also really want to wash their car, they can pay more to use this expensive in-town car wash. It is of course possible that the economics wouldn't make sense to support such a use of urban land in the densest/highest value areas.
- fragmede 3y agoThe car wash also doesn’t have to be the only thing on that land. build up - put a high-rise up and have a car wash at the ground level.
- carbocation 3y agoGreat point. Maybe you get clever with it and make it an amenity for your building and charge a lot for others who want to use it (etc).