[Schopenhauer01]

Land value tax = Higher rent, no?

[thematrixturtle]

Not in the long term if it leads to unproductive property being put to better uses, like building housing.

Land value taxes aren't a silver bullet that can solve problems like California's permitting process, but it would certainly align incentives in a much healthier direction than Prop 13 does.

[Rastonbury]

Just to add, Singapore is quite unique in that it has like 85% homeownership (most of it government housing) and there are virtually no homeless people

[unmole]

It's closer to 78% and that is still potentially misleading .Young people living with their parents because they can't get a HBD flat are also included in that 78% figure.

[Schopenhauer01]

Now minimum rent becomes the value of land rent, I still think increasing taxes hurt the people paying rent.

[eushebdbsh]

if tax is same for single family as high density

tax will be spread out over lots of people in high density

[pydry]

No change short term, long term lower rent.

LVT pressures land owners to use land more productively = more rental units available = lower rents.

It means lower property prices though, and it would push a lot of mortgaged property underwater.