hehhehaha
Joined 2 years ago
Joined 2 years ago
Land taxes are not arbitrary, it's a way of generating revenue from the single most important shared resource.
> Also, raising taxes just raises costs for renters.
Landlords usually have more pricing elasticity than renters, therefore taxes will have a depreciating effect on housing prices.
> The solution to housing affordability is building more housing.
Don't disagree
> don't try to fight against market forces
Increasing supply and using supply more efficiently are both important
This is probably the dumbest thing I've ever read in my life. The real argument against yimby is that if the conditions for hold property is cheap, then landlords can afford to not be elastic with pricing thereby creating an inefficient market. The obvious solution is to increase property tax to force the hand of landlords. Another more radical way is to create legislation that gives the right to renters and/or gov to buy property at a certain price.