Re:How to have a billion dollar exit with zero capital gains...
by epistasis on Tuesday May 10, 2022 @06:50PM
(#31333687)
Even without height restrictions, limited ownership of land still has the problems exhibited in the game.
Zoning and highly restrictive building codes were invented after Georgism, and are ways to further heighten the basic unfairness of land.
Local politics are dominated by landowners, as they tend to have the most control of, and greatest interest in controlling, the local levers of power.
It is ironically why I'm less concerned about private equity buying houses to rent than I am of local small time landlords buying houses. PE firms won't control local politicians in the same way that local landlords control politicians, because it's too much work and requires ridiculously intimidate knowledge of the local patronage networks.
Zoning and highly restrictive building codes were invented after Georgism, and are ways to further heighten the basic unfairness of land.
Local politics are dominated by landowners, as they tend to have the most control of, and greatest interest in controlling, the local levers of power.
It is ironically why I'm less concerned about private equity buying houses to rent than I am of local small time landlords buying houses. PE firms won't control local politicians in the same way that local landlords control politicians, because it's too much work and requires ridiculously intimidate knowledge of the local patronage networks.