If handled correctly, British Columbia’s new Housing Supply Act can ease municipal roadblocks to adequate housing. In tandem with an increase in nonmarket housing, such legislation has the potential to help stave off the housing crisis.
You are right, land should not be a good investment. A land value tax supports this as it decreases the value of the land, it won’t be seen as an investment. Wealthy people and investors hoarding land will only increase their tax burden and thus will not be profitable for them.
You are right, land should not be a good investment. A land value tax supports this as it decreases the value of the land, it won’t be seen as an investment. Wealthy people and investors hoarding land will only increase their tax burden and thus will not be profitable for them.