House prices arent the issue land prices are (and how Dutch and our past law can fix it)

[Cicada]

3. Maybe land created by the owner should be exempt

For land the landowner created himself he should be able to reap the profit. But if someone else created it, such as God, and the landowner had not paid the land creator...why should he be paid?

Some guy wrote a song about this: this land is your land, this land is my land...

Here’s a different solution: tax land at its value were it developed fully per zoning. Land zoned for four apartments would be taxed at its value with 4 apartments, whether the apartments were built or not. Then landowners would build 4 apartments on it or would sell it to someone who would build. That way the supply of buildings would rise and rents would come way down.

We are getting royally screwed by land owners who did absolutely nothing to make that land. Why is that just?

We need some way to increase housing supply to lower rents and home purchase prices. This change in taxation would help.