Georgists generally don't question whether property managers, developers, or others involved in real estate earn at least part of what they get to keep.
The whole concept of home ownership as “wealth building” instead of just having a place to live, is a house of cards propped up by mortgage guarantees and restrictive zoning. Somebody really smart needs to devise a palatable political path to reform land and housing markets. LVT would be a big part of that, but the key is a transition that won’t leave a lot of people feeling screwed.
Shout out to @FRESHECONOMICTHINKING for publishing this relevant article a few short days ago:
https://www.fresheconomicthinking.com/p/why-is-land-lease-housing-booming
The whole concept of home ownership as “wealth building” instead of just having a place to live, is a house of cards propped up by mortgage guarantees and restrictive zoning. Somebody really smart needs to devise a palatable political path to reform land and housing markets. LVT would be a big part of that, but the key is a transition that won’t leave a lot of people feeling screwed.
Ponzi would be proud.
Prepare for the worst and hope for the best!
If the house buyer understood that land often appreciate and improvements always depreciate, then I doubt the contract would be so one-sided.
Definitely means there's opportunity for us to help educate potential consumers. 💪🏻