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Yes basically you should expect to see significant densification with significant competition in how appealing to the market you can make that level of density
by estearum 1mo ago
Yes basically you should expect to see significant densification with significant competition in how appealing to the market you can make that level of density (since you as the developer keep all the upside).
- s1artibartfast 1mo agoI would actually expect to see a reduction in densification if a LVT is more expensive than current property taxes. While it obviously encourages putting high value land to greater use, it also encourages avoiding high value land itself. If the tax burden of your San Francisco house or office doubles, you may look into relocating to where land is cheaper. It obviously depends on the rates.