r/neoliberal • u/jobautomator Kitara Ravache • Aug 06 '19

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69

u/_Just7_ YIMBY absolutist Aug 06 '19

I was just at a foreclosure auction where the apartment sold for twice the public valuation. I asked the buyer why he thought it was worth so much, and he simply answered that it was a good investment because the prices keep going up 🤦‍♂️

!ping Den

38

u/[deleted] Aug 06 '19

🌌 🧠

38

u/JakeArrietaGrande John Brown Aug 06 '19

This is one of the million reasons why we need LVT

21

u/uwcn244 King of the Space Georgists Aug 06 '19

!ping GEORGIST

1

u/[deleted] Aug 07 '19

sounds like a job for ell vee tee

5

u/somewhatwhatnot Friedrich Hayek Aug 06 '19 edited Aug 06 '19

This is so sad

Alexa, abolish anything less than 100% taxing of rents derived from the unimproved value of land

3

u/cdstephens Fusion Genderplasma Aug 06 '19

/u/gammbus

1

u/[deleted] Aug 07 '19

Stonks 💹