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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 seoaeu on Sunday April 18, 2021 @05:29PM (#26856569)
Land values are already captured in property taxes. There's certainly places where property taxes are too low and not doing enough to encourage better usage of the land, but that's straightforward to solve (though admittedly often not that easy politically)
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Re:Public-ownership rental as a third option to renting or o... by aeternum on Sunday April 18, 2021 @06:29PM (#26857111)
Partially, but property taxes discourage improving the structures on the land as the property tax also increases based on the value of the structure. This is generally the opposite of what want. Renovations, upkeep, and property improvements are good things so why penalize them?
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Re:Public-ownership rental as a third option to renting or o... by colinmhayes on Sunday April 18, 2021 @11:43PM (#26858947)
Property tax has horrid incentives. We want people to build more on expensive land, not less. LVT forces multi unit housing on prime spots.
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Re:Public-ownership rental as a third option to renting or o... by kortilla on Sunday April 18, 2021 @08:31PM (#26857986)
Until property taxes stop taking into account the value of the structure, they are not equivalent at all.
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