Love this article! Thanks for writing it. I'm going to share it with my friends the next time I feel like ranting about LVT and save myself some time.
> Landlords will also stop fighting to disallow new housing in their neighbourhood in the way that they do in NIMBY areas
Say you're in a city with LVT implemented. As the land value approaches zero and the rent of apartments more closely reflects supply and demand, wouldn't it still be in the Landlord's interests to restrict supply of new housing to increase the rent price of their own properties? Especially if it's not in their capacity to buy more property?
> Huh. No enterprising Charlie Hustle can do that, surely?
You're right actually, as it stands my statement is not true so I'll remove it and try to write the thing I intended to say
>Netherlands
Well even then, land is still limited to the surface of the earth, but once our tech becomes good enough that one can literally create arbitrary amounts of land in space (plus fast travel) then indeed it would be a bad idea to have an LVT
>Pennsylvania
LVT+PT is basically distorted LVT. Would be interesting to go into how they manage to somewhat successfully implement LVT, because it seems incredibly difficult to do it well
Exceptionally well written! Although given the likely poor implementation of an LVT I would not wish it upon Sid and Maiteyi that they lived in an LVY regime
Thanks! It will be implemented by me so of course it will be perfect in every way, I will personally and completely impartially evaluate every land parcel
Love this article! Thanks for writing it. I'm going to share it with my friends the next time I feel like ranting about LVT and save myself some time.
> Landlords will also stop fighting to disallow new housing in their neighbourhood in the way that they do in NIMBY areas
Say you're in a city with LVT implemented. As the land value approaches zero and the rent of apartments more closely reflects supply and demand, wouldn't it still be in the Landlord's interests to restrict supply of new housing to increase the rent price of their own properties? Especially if it's not in their capacity to buy more property?
> Huh. No enterprising Charlie Hustle can do that, surely?
Netherlands would like to have a word: https://en.wikipedia.org/wiki/Land_reclamation_in_the_Netherlands
Another interesting thing is the cities in Pennsylvania which actually have a weird dual LVT+Property tax scheme, where improvements are taxed at a lower rate than land is: https://en.wikipedia.org/wiki/Land_value_tax_in_the_United_States#Split-rate_taxation. It supposedly led to increased construction!
Thank you!
>Say you're in a city
You're right actually, as it stands my statement is not true so I'll remove it and try to write the thing I intended to say
>Netherlands
Well even then, land is still limited to the surface of the earth, but once our tech becomes good enough that one can literally create arbitrary amounts of land in space (plus fast travel) then indeed it would be a bad idea to have an LVT
>Pennsylvania
LVT+PT is basically distorted LVT. Would be interesting to go into how they manage to somewhat successfully implement LVT, because it seems incredibly difficult to do it well
Exceptionally well written! Although given the likely poor implementation of an LVT I would not wish it upon Sid and Maiteyi that they lived in an LVY regime
Thanks! It will be implemented by me so of course it will be perfect in every way, I will personally and completely impartially evaluate every land parcel