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An LVT results in new McMansions getting built on quarter acre lots and being taxed at the same rate as SFHs and trailers on quarter acre lots. It's the perfect

An LVT results in new McMansions getting built on quarter acre lots and being taxed at the same rate as SFHs and trailers on quarter acre lots. It's the perfect way to allow rich people to buy out poor people and pay the same tax as poor people. Welcome to unintended consequences. Institute an LVT if you want, but don't expect low cost housing to spring up.

OutOfHere 2mo ago
> trailers on quarter acre lots That is an irrelevant counterargument, since the idea of dense housing leans towards tall apartment buildings, not trailers. No one should have to live in a trailer.
- ahazred8ta 2mo ago
  The idea of what should happen is irrelevant, because we have not seen this "dense housing" actually materialize in US LVT jurisdictions any time in the past 100 years. The township of the Fairhope Single-Tax Corporation near Mobile, Alabama was originally conceived as an artist's colony but is now occupied by families with a median income of $95K. Density is almost exactly 1 housing unit per residential acre. The feds have built 140 Section 8 subsidized units, but there do not seem to be any privately built high density tall apartment buildings of the type you want to see. Can you point to an LVT place in the US where developers have chosen to build large numbers of actual NON-LUXURY high rise apartment buildings for the benefit of non-rich people? That would be a big newsworthy success story if it actually happened. There are developers that make their money building high rise apartment blocks. Are any of them lobbying for an LVT so they can build more low cost housing?
  - OutOfHere 2mo ago
    > but there do not seem to be any privately built high density tall apartment buildings of the type you want to see. There exist plenty of old buildings in urban centers that meet this criteria. There is nothing in principle that is stopping their construction. It's in the same imaginary league as LVT for that matter, meaning that if one can manifest, so can the other. Luxury buildings are made because of a profit motivation. Even so, once the supply is increased by 10x or 20x, their prices too will come down. China is a supreme example of having cheap apartments.

OutOfHere 2mo ago

> trailers on quarter acre lots That is an irrelevant counterargument, since the idea of dense housing leans towards tall apartment buildings, not trailers. No one should have to live in a trailer.

ahazred8ta 2mo ago
The idea of what should happen is irrelevant, because we have not seen this "dense housing" actually materialize in US LVT jurisdictions any time in the past 100 years. The township of the Fairhope Single-Tax Corporation near Mobile, Alabama was originally conceived as an artist's colony but is now occupied by families with a median income of $95K. Density is almost exactly 1 housing unit per residential acre. The feds have built 140 Section 8 subsidized units, but there do not seem to be any privately built high density tall apartment buildings of the type you want to see. Can you point to an LVT place in the US where developers have chosen to build large numbers of actual NON-LUXURY high rise apartment buildings for the benefit of non-rich people? That would be a big newsworthy success story if it actually happened. There are developers that make their money building high rise apartment blocks. Are any of them lobbying for an LVT so they can build more low cost housing?
- OutOfHere 2mo ago
  > but there do not seem to be any privately built high density tall apartment buildings of the type you want to see. There exist plenty of old buildings in urban centers that meet this criteria. There is nothing in principle that is stopping their construction. It's in the same imaginary league as LVT for that matter, meaning that if one can manifest, so can the other. Luxury buildings are made because of a profit motivation. Even so, once the supply is increased by 10x or 20x, their prices too will come down. China is a supreme example of having cheap apartments.