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A comment on San Francisco passes New York to become world’s costliest place to build. Parent comment

Re:San Francisco passes New York to become world’s costliest... by tehlike on Friday April 12, 2019 @09:43PM (#19650535)
Actually this may not be true. The home owners own the land thr homes are on, so by that definition, if you can build lots of housing on the same surface area, the land would appreciate
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Re:San Francisco passes New York to become world’s costliest... by aeternus on Sunday April 14, 2019 @11:17PM (#19662942)
>if you can build lots of housing on the same surface area, the land would appreciate

Optimally, however due to our property tax system, owners are taxed on any improvements which increases investment risk and provides a strong disincentive. Furthermore the city makes it difficult to build higher and often requires concessions like low-income units along with higher-density improvements.

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