Re:The Victims of the Eviction Moratorium
by yellowapple on Tuesday February 23, 2021 @08:05PM
(#26245316)
Ain't even the market mechanisms themselves that drive the high prices; rather, it's what those market mechanisms track.
Transitioning from land prices to land rental values - i.e. gradually moving toward a 100% land value tax - would address both high prices and scarcity by taxing land consumption - and, accordingly, encouraging urban density in order to amortize that tax, thus alleviating scarcity and reducing residential expenses. Same market at play (a land value tax definitionally taxes the market value of land); vastly improved outcome.
Transitioning from land prices to land rental values - i.e. gradually moving toward a 100% land value tax - would address both high prices and scarcity by taxing land consumption - and, accordingly, encouraging urban density in order to amortize that tax, thus alleviating scarcity and reducing residential expenses. Same market at play (a land value tax definitionally taxes the market value of land); vastly improved outcome.