On whether LVTs are passed on to tenants: "For instance, if landlords reflexively pass on costs (including holding costs like land value taxes) as higher rents, doesn’t that also imply they should cut rents when their costs decrease?"
One wonders whether they are rebutting their critics' actual arguments - I simply cannot imagine that a serious critic would make the quoted claim.
One wonders whether they are rebutting their critics' actual arguments - I simply cannot imagine that a serious critic would make the quoted claim.