Does it really? In LVT conditions, aren't people who utilize land ineffectively incentivized to sell it to someone who'd build more dense dwellings on it? Maybe

Does it really? In LVT conditions, aren't people who utilize land ineffectively incentivized to sell it to someone who'd build more dense dwellings on it? Maybe they'd strike a deal - pay less tax, swap a SFH with an apartment on the same lot.