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by const_cast
375 days ago
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> Taxing land will be passed through 100% to the renter. Taxing land, though, forcing more economical use of said land. It's wasteful to spend your land on single units to rent, and then you're not going to be competitive when other developers are putting in apartments around you. So, you're going to be smart and try to score a better unit/land ratio. Maybe you'll build apartments, or dingbats, or townhomes. The end result is that, per tenant, they're going to be paying significantly less rent. The reason we build sparse and stupid housing is because it works and it makes money for the builder. But it really, really shouldn't - at least not all the time. We have the wrong incentives. |
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