[chosenbreed37]

Can the city councils do anything to counter that? I wonder...I heard about Frome (Southwest England) where the local council took proactive steps to prevent the high street being filled with betting shops. I think they lowered business rates significantly and possibly other measures.

[aeternum]

A land value tax can help quite a bit. It can both prevent landlords from capturing all / most of the value when rents rise and also help act as a cushion when rents fall.

The current property tax system that most cities use make little sense. It penalizes people for improving and updating the structures on their land. Cities should be encouraging property improvements.