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A comment on Economy and distribution of land rents in Singapore (1996). Parent comment
LVT pressures land owners to use land more productively = more rental units available = lower rents.
It means lower property prices though, and it would push a lot of mortgaged property underwater.
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LVT pressures land owners to use land more productively = more rental units available = lower rents.
It means lower property prices though, and it would push a lot of mortgaged property underwater.