3 ms·
> investment in land can’t create more land But investment in housing can definitely create more housing, and that is by far the most common type of landlord.
by rootusrootus 4mo ago
> investment in land can’t create more land
But investment in housing can definitely create more housing, and that is by far the most common type of landlord.
- chadgpt3 4mo agoThen let's move all land ownership to the government and let landlords build housing on it
- cpburns2009 4mo agoThe landlords could then pay rents to the local government. We could call that landlord taxes or something and use that to fund local services with them. Wait...
- smallmancontrov 4mo agoProperty taxes are voted on by property owners under the steepest moral hazard while leases are actually competitive: this is the difference between the government capturing a minimal vs maximal fraction of the land rents. If you genuinely think there is little difference, why do you care so much about not switching to a lease system?
- supertrope 4mo agoChicago has relatively affordable housing purchase prices as property taxes are very high. The government has taxed away property appreciation. Unfortunately the deferred compensation promises they have made to public sector employees are coming due and further tax hikes are needed.
- estearum 4mo agoAs described above, a landlord is not a developer is not a property manager. Sometimes a single individual plays multiple roles, but that does not make them the same inseparable job.