News for hackers. Stuff that matters.

A comment on Economy and distribution of land rents in Singapore (1996). Parent comment

Re:Economy and distribution of land rents in Singapore (1996) by thematrixturtle on Wednesday April 20, 2022 @07:22AM (#31095288)
Not in the long term if it leads to unproductive property being put to better uses, like building housing.

Land value taxes aren't a silver bullet that can solve problems like California's permitting process, but it would certainly align incentives in a much healthier direction than Prop 13 does.

[ Parent | on HN ]
Re:Economy and distribution of land rents in Singapore (1996) by Rastonbury on Wednesday April 20, 2022 @12:53PM (#31099779)
Just to add, Singapore is quite unique in that it has like 85% homeownership (most of it government housing) and there are virtually no homeless people
[ Parent | on HN ]
Re:Economy and distribution of land rents in Singapore (1996) by unmole on Wednesday April 20, 2022 @01:50PM (#31100512)
It's closer to 78% and that is still potentially misleading .Young people living with their parents because they can't get a HBD flat are also included in that 78% figure.
[ Parent | on HN ]
Re:Economy and distribution of land rents in Singapore (1996) by Schopenhauer01 on Wednesday April 20, 2022 @10:07AM (#31097158)
Now minimum rent becomes the value of land rent, I still think increasing taxes hurt the people paying rent.
[ Parent | on HN ]