> a working-class family wishing to buy a home to live
What people picture is owning houses. Landtax will not meaningfully make that more affordable. It will make holding on to land more expensive, therefore really putting pressure to extract the most value from it. Homes really aren't doing that. That will mean more capital improvements; more units on smaller lots, more apartments, ...
It will curb speculation, lower rents in the aggregate, but ownership of land will remain expensive, especially for poorly improved land like family homes.
What people picture is owning houses. Landtax will not meaningfully make that more affordable. It will make holding on to land more expensive, therefore really putting pressure to extract the most value from it. Homes really aren't doing that. That will mean more capital improvements; more units on smaller lots, more apartments, ...
It will curb speculation, lower rents in the aggregate, but ownership of land will remain expensive, especially for poorly improved land like family homes.