Re:Low interest rates in advanced countries have pushed mone...
by eru on Monday November 29, 2021 @01:36AM
(#29377051)
Land value taxes don't make any difference there at all.
Your scenario plays out just the same. The opportunity cost difference between any two uses is exactly the same.
There's a small difference in a detail of accounting: in one case you see a higher LVT bill, in the other case you pay more for your mortgage. (Or alternatively, if you own out right, your opportunity cost for holding onto the land increases.)
Your scenario plays out just the same. The opportunity cost difference between any two uses is exactly the same.
There's a small difference in a detail of accounting: in one case you see a higher LVT bill, in the other case you pay more for your mortgage. (Or alternatively, if you own out right, your opportunity cost for holding onto the land increases.)