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Long-term leases exist for this function. Often 99-year leases (e.g., Hong Kong to the UK). In practice, the tenant can typically break the lease with minimal
by dredmorbius 2y ago
Long-term leases exist for this function.
Often 99-year leases (e.g., Hong Kong to the UK).
In practice, the tenant can typically break the lease with minimal consequence as the landlord (the government) can generally find new tenants, and diversifies risk over many landholdings.
- some_random 2y agoThat removes any benefit of confiscating all land and leasing it out while still retaining all the society destroying consequences of this idea. Basically at this point it's just a proposal to confiscate all land and resell it, for fun I guess.
- dredmorbius 2y agoIt prevents land speculation, as bidding leads to higher rents, rather than asset inflation.