ID: A Sophie Labelle 4 panel comic featuring Stephie in different poses, saying:

Landlords do not provide housing.

They buy and Hold more space than they need for themselves.

Then, they create a false scarcity and profit off of it.

What they’re doing is literally the opposite of providing housing.

  • zalgotext@sh.itjust.worksEnglish
    0·
    2 months ago

    Imagine you live in a small town. Something happens (COVID for instance) and your town becomes popular and your land value goes up. Yesterday your house was worth 100k but now it’s worth 500k+. Your saying those people should essentially be forced out of their homes? To be bought up by rich people?

    No, because

    You would only pay tax on the unimproved value of land. You pay no tax on everything built on it.

    Your unimproved land value may increase in that instance, but it wouldn’t suddenly jump up the amount you’re implying, unless the economy catastrophically collapses.

    • NameTaken@lemmy.worldEnglish
      0·
      2 months ago

      That’s exactly an instance where this would happen. Since the value of the land itself not what’s built on it is valuable in this instance. Look at the value of the land near any ski resort town over the last 10 years.