The slumlord could just increase rent a bit, for example (where would other options for housing come from for the current renters?). At a 90, the slumlord opti

The slumlord could just increase rent a bit, for example (where would other options for housing come from for the current renters?). At a 90, the slumlord option is still much better than the decent option (100% return on investment in the former, less than 20% in the latter). An LVT would just further highly extractive land use - that might not be by existing landowners but not sure why that would matter much.