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A comment on US will ban Wall Street investors from buying single-family homes. Parent comment

Re:US will ban Wall Street investors from buying single-fami... by jjav on Thursday January 08, 2026 @11:57AM (#46543354)
> Under the tax scheme described, the reverse is true.

Explain how.. In a dense urban area, with LVT, that lot that held a park will bring even larger tax revenue when the city sells it off to a developer. Having the tax be based on maximum potential usage will only increase the temptation to sell it off and remove yet another park from the people.

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Re:US will ban Wall Street investors from buying single-fami... by kiba on Friday January 09, 2026 @01:42AM (#46550772)
It would decrease land value since the park is no longer there. Tax revenue would decrease as quality of life decreases.
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Re:US will ban Wall Street investors from buying single-fami... by jjav on Friday January 09, 2026 @07:15AM (#46553093)
I think this assumes politicians who care about subjectives like quality of life, and who are able to think in long-term sustainable city finances instead of just maximizing what they can grab in current fiscal year. We don't have any such politicians in power in the US.
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