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A comment on Why Are There Suddenly So Many Car Washes?. Parent comment

Re:Why Are There Suddenly So Many Car Washes? by ufocia on Monday March 18, 2024 @10:20AM (#39744935)
You are assuming that all real estate owners are paying taxes.

Also, in blighted areas buying improved land may actually be discouraged by LVT because of demolition costs. Thus vacant land should be more valuable than improved land. Can you resolve the paradox?

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Re:Why Are There Suddenly So Many Car Washes? by BoiledCabbage on Monday March 18, 2024 @12:32PM (#39746630)
> Can you resolve the paradox?

What's the paradox?

Two identical pieces of land, both pay the same in taxes, one requires more work to improve it (as it needs a tear down first). So that piece of land will sell for a lower price than its neighbor.

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