The process is interesting but just to make the point - I
often see Americans obsessing over the implementability of land valuation processes as if its entirely new and needs to be invented when other states and countries have established systems that have been working for in many cases over a century.
This taxation rant misses the point. What prevents development isn't the prospective taxes. It's all the other regulations that limit what you can do and make what you can more expensive pushing the payoff time out into the realm of "f this I'll buy stocks instead".
I think it speaks volumes about the LVT crowd (kind of hard to fault the author personally when he exists in that filter bubble) that the author's entire section on land use restrictions speaks only to deed restrictions and not government imposed ones.
The process is interesting but just to make the point - I often see Americans obsessing over the implementability of land valuation processes as if its entirely new and needs to be invented when other states and countries have established systems that have been working for in many cases over a century.
For instance below from Australia
https://www.nsw.gov.au/housing-and-construction/land-values-...
This taxation rant misses the point. What prevents development isn't the prospective taxes. It's all the other regulations that limit what you can do and make what you can more expensive pushing the payoff time out into the realm of "f this I'll buy stocks instead".
I think it speaks volumes about the LVT crowd (kind of hard to fault the author personally when he exists in that filter bubble) that the author's entire section on land use restrictions speaks only to deed restrictions and not government imposed ones.