Category: High Cost of Land
|November 11, 2013||Posted by Staff under Economic Principles, High Cost of Land|
People got to live somewhere. If they’re not buying, they’re renting, so they’re always pushing up prices somewhere — until the cycle stops. How to stop the cycle? Recognize that housing costs are mainly the cost for the location, and that land value needs to become our common wealth.
|November 9, 2013||Posted by Staff under High Cost of Land|
Yet how quickly will the Motor City will rebound, so housing will turn a profit? Downtown Detroit 35 years ago was as destitute as it is now, and it shows few signs of getting better. To get better, Detroit, like anywhere, would need to quit taxing buildings and instead recover land’s rental value to spur owners to develop. But should one’s home be another’s property?
|November 7, 2013||Posted by Staff under High Cost of Land|
Renters everywhere worry about rents going up. Like people everywhere, they see the value of location as belonging to the landowner, rather than owed by owner to the community. Recovering and sharing site value would make anywhere affordable.
|November 2, 2013||Posted by Staff under High Cost of Land|
Flying a long way for hours beats enriching landlords — but how could it be sustainable for long? Why not collect and share London rents instead?