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A comment on Public-ownership rental as a third option to renting or owning a house. Parent comment

Re:Public-ownership rental as a third option to renting or o... by drewmate on Sunday April 18, 2021 @05:11PM (#26856405)
You might find Georgism [0] interesting. Its tenets include a (steep) land value tax that proponents believe would sort out the 'best use' of land in city centers. It's a compelling idea, but unfortunately the driving force behind American government seems to be once you have something (property, a business, etc...) nobody can do anything that adversely affects it. And Americans (over age 40) already own a LOT of property and would not take kindly to new taxes on it.

[0] https://en.wikipedia.org/wiki/Georgism#Main_tenets

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Re:Public-ownership rental as a third option to renting or o... by prox on Sunday April 18, 2021 @05:19PM (#26856471)
This falls in line with the old economic school of how value is created, which fell in disfavor because it didn’t sit right with the upper classes, for clear reasons.
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Re:Public-ownership rental as a third option to renting or o... by drewmate on Sunday April 18, 2021 @05:31PM (#26856586)
It seems reasonable enough to me, but I don't own any land. I think I'm realistic enough to admit that if I had been born 35 years earlier and had two homes that I paid off in my 40's and had appreciated 350% since then, I would probably feel differently about it. It's a tough nut to crack, for sure.
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Re:Public-ownership rental as a third option to renting or o... by whimsicalism on Sunday April 18, 2021 @05:25PM (#26856533)
If you're referencing the LTV, no it doesn't
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Re:Public-ownership rental as a third option to renting or o... by prox on Sunday April 18, 2021 @05:50PM (#26856773)
No, I am referencing the Value Of Everything by M.Mazzucato.
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