Comment by potato3732842
1 year ago
This taxation rant misses the point. What prevents development isn't the prospective taxes. It's all the other regulations that limit what you can do and make what you can more expensive pushing the payoff time out into the realm of "f this I'll buy stocks instead".
I think it speaks volumes about the LVT crowd (kind of hard to fault the author personally when he exists in that filter bubble) that the author's entire section on land use restrictions speaks only to deed restrictions and not government imposed ones.
The point of that section was not about the effect of land use restrictions on overall value but on local differences. If you are comparing the value of two different pieces of land with the same land use restrictions then they don't affect the value calculation. Deed restrictions are called out because they can affect the comparative value of two different pieces of land within the same zone.