Land value suck up money and are an inefficiency in the market that you’re forced to pay. The solution involves lowering land values to essentially $0 (i.e. ownership is neutral), but doing so would greatly upset basically every actual and would-be homeowner because it means housing prices no longer go up. So it just gets kicked down the road and prices go up.
Are you kidding me? That would be a steal in the SF Bay Area. This place is fucked.
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Land value suck up money and are an inefficiency in the market that you’re forced to pay. The solution involves lowering land values to essentially $0 (i.e. ownership is neutral), but doing so would greatly upset basically every actual and would-be homeowner because it means housing prices no longer go up. So it just gets kicked down the road and prices go up.
Are you kidding me? That would be a steal in the SF Bay Area. This place is fucked.