Hacker News new | ask | show | jobs
by chongli 983 days ago
You can’t make everyone happy all the time. I’m a lot more okay with a situation in which a person is compelled to sell their very valuable property because they can’t afford the taxes than I am with people being unable to afford housing.

If LVT helps to loosen up some undeveloped/underdeveloped land and get it into the hands of a willing developer then that is a big win for the fight against the housing crisis.
1 comments
orwell_bruh 983 days ago
That's the kind of fine print that would kill any popular support for LVT.

It's also a false dichotomy. We don't need LVT to solve housing. We don't even know if LVT would solve housing. On the other hand, we know exactly how to solve housing. People just don't want to.

link
chongli 983 days ago
We don't even know if LVT would solve housing.

We'll just have to wait and see then. Detroit is going to try it out and we'll see how it works for them.

we know exactly how to solve housing. People just don't want to.

It's a collective action problem. One of the ways we usually solve those is through government action. LVT is a candidate for exactly that!

link