[refurb]

Thanks for digging it up. I agree that a limit on sale price is just like rent control. Creates a ton of distorted incentives in the marketplace.

[bufordsharkley]

I could see it being useful in spreading risk, etc (it could essentially replace the need for zoning laws), but it doesn't really attack the underlying problem.

I see it as being compatible with a land value tax (which would align incentives optimally), but not a replacement for it.