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Lars Doucet - Progress, Poverty, Georgism, & Why Rent is Too Damn High
Dwarkesh Podcast
The Law of Rent and Land Taxes in San Francisco
Land speculators are actually optimizing for their rate of return, right? And so if land appreciates by 10% a year, you're incentivized to invest in vacant land or a teardown property. Part of the effect is partially the existing property tax regime actively incentivizes empty lots because you have a higher tax burden if you build. But there's also this phenomenon called land banking and waiting for the land to ripen.
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