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A comment on US Housing Affordability Hits Worst Point in Nearly Four Decades. Parent comment

Re:US Housing Affordability Hits Worst Point in Nearly Four ... by x3n0ph3n3 on Monday August 21, 2023 @02:23PM (#37213389)
What do you think property taxes are?
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Re:US Housing Affordability Hits Worst Point in Nearly Four ... by padjo on Monday August 21, 2023 @02:26PM (#37213451)
Not land taxes? https://en.m.wikipedia.org/wiki/Land_value_tax

https://en.m.wikipedia.org/wiki/Property_tax

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Re:US Housing Affordability Hits Worst Point in Nearly Four ... by BobbyJo on Monday August 21, 2023 @02:26PM (#37213447)
It's funny how well property taxes work to control housing prices, and yet high COL areas are completely unable to utilize them.
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Re:US Housing Affordability Hits Worst Point in Nearly Four ... by supertrope on Monday August 21, 2023 @05:27PM (#37215601)
See: Chicago, IL. High property tax bills keep housing purchase prices from zooming up.
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Re:US Housing Affordability Hits Worst Point in Nearly Four ... by andromeduck on Monday August 21, 2023 @02:25PM (#37213443)
Not a land tax.
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Re:US Housing Affordability Hits Worst Point in Nearly Four ... by supertrope on Monday August 21, 2023 @04:32PM (#37214980)
A tax on both land and the structure. A land value tax would not have the perverse incentive against building more units on the same lot.
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