3 ms·
Huh? Why would I care what landlords decide to do with their time? Lol, landlords do not create rental stock. Developers do that. Property managers manage it.
by estearum 5mo ago
Huh? Why would I care what landlords decide to do with their time?
Lol, landlords do not create rental stock. Developers do that. Property managers manage it. They should be rewarded for doing so. Instead we reward landowners for holding a piece of paper.
It has nothing to do with “punishing” landlords. It has to do with paying people for behaviors we want to incentivize. Developers and property managers do useful things we want more of. Landlords do not. We should not pay them for doing nothing of value. Why are you so fixated on giving landlords money they did not earn?
It’s simply not true these proposals would disincentivize rental construction or reduce new housing supply. If you think it would, you need to think a bit more.
Go ahead and plug into your favorite LLM: “Does a high land value tax incentivize or disincentivize production of new housing stock?”
Here’s the first line from Claude: “It strongly incentivizes new housing production. Here’s why:…”
You simply don’t understand what’s being proposed if you think that would be the effect.