Great piece from @Nominal News. I will have to read the cited works. It has long been my position that tackling housing prices requires more than just upzoning.
Taxing lang values instead of property value, for instance, would drive down the price of land, free up land that is used unproductively, and remove the implicit punishment of...you know…actually developing land: https://www.lianeon.org/p/just-tax-the-land
Are there more policy measures we can take to reduce the cost of housing?
Thank you! Yes - regarding the studies - many keep showing the limited changes (or at least slow progress) from upzoning. I have a few ideas why this might be so slow but have to look into them (maybe developers moving slowly due to concerns around competition pushing each others prices down; forecasting the market multiple years in advance - lol what happened to offices).
Great piece from @Nominal News. I will have to read the cited works. It has long been my position that tackling housing prices requires more than just upzoning.
Taxing lang values instead of property value, for instance, would drive down the price of land, free up land that is used unproductively, and remove the implicit punishment of...you know…actually developing land: https://www.lianeon.org/p/just-tax-the-land
Are there more policy measures we can take to reduce the cost of housing?
Thank you! Yes - regarding the studies - many keep showing the limited changes (or at least slow progress) from upzoning. I have a few ideas why this might be so slow but have to look into them (maybe developers moving slowly due to concerns around competition pushing each others prices down; forecasting the market multiple years in advance - lol what happened to offices).