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A comment on High property taxes are good. Parent comment

Re:High property taxes are good by dntrkv on Wednesday July 20, 2022 @08:18PM (#32174212)
And if you built even a conservative 5 story building, it would generate significantly more value.
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Re:High property taxes are good by Retric on Wednesday July 20, 2022 @08:31PM (#32174305)
Value possibly, profit not necessarily.

Put another way if building a 5 story building would be obviously more profitable then they would do that but the opportunity costs is now 1+ million per year you aren’t getting from the parking business.

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Re:High property taxes are good by TimPC on Sunday July 24, 2022 @08:16PM (#32219187)
Not clear. Plenty of people will forgo selling land to a developer who wants to build a five story building in order to wait for the premium that comes from the developer who wants to build a 50 story building.
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