[rocqua]

It won't. Zoning is stupid and harmful in the US. But real-estate will always be rising in value. There is no way to make more land. And land you do nothing to gains value from others around you improving their own land.

A land value tax that ignores the value of improvements on the land would make a dent. Freeloaders who buy a lot just to sell it later would see their gains evaporate. So land holders would seek to actually improve their land.

[bluGill]

Land generaly should increase in value with Inflation. There is a lot of land to develop if zoning doesn't get in the way-

[rocqua]

Land increases in real value (beyond inflation) aswell. This is due to people building roads nearby, schools nearby, nicer houses nearby, etc. It's effectively the old adage 'location location location'.

Currently another big driver of land value is zoning. But it isn't the only one. And until society starts degrading hard, the other drivers aren't going to slow down either. maybe with an exception for suburbia where the roads will need replacement even though the area doesn't raise enough tax revenue to pay for the replacement roads.

[oatmeal1]

Real-estate does not increase in value in Japan. Land might increase in value, but the developments depreciate. Agree that land value tax is much better than property tax.