Did rents in Palms go up because they built housing or because it's a great location in a city with increasing rent almost everywhere? Or in other words, is there any econometric evidence that building housing increased…
Do you have an example?
Another factor is smaller households. People are staying single longer and waiting longer to move in with partners, creating more demand for housing even without population growth.
What are some of the many other, stronger criticisms of the abundance agenda? Maybe Thompson has replied to some of those, too.
> the quality of available clothing across the world have fallen Do you have a source for this? Anecdotes along the lines of "they don't make 'em like they used to" are incredibly common but often fail to stand up to…
And zoning restrictions are part of the reason why housing prices "always go up." Constrained supply is exactly and precisely what makes housing a profitable investment.
Usually I would agree, but the amount of distortion depends on what portion of DOGE savings are one-off (eliminating grants and contracts) and what portion are recurring annually (workforce reductions). If DOGE savings…
Building housing lowers the cost of housing. Requiring some accounting of $ saved on brickwork -> $ spent on homelessness is just another bureaucratic hurdle, which is ironically exactly what TFA is complaining about.
Conflating free parking with a childhood core memory, a lake trip with your immigrant father, feels a little disingenuous to me. But I think you understand the core idea: by making something cheap or free, we…
It does wrap automatically if you keep typing. I agree the user experience is not great with that, the word you're typing should always be directly over the guide text.
As you note, no two dense neighborhoods are the same. Those experiences would be rare in Tokyo or Kuala Lumpur. I would say that cultural norms dominate density when it comes to explaining late-night partying.
A car driver could easily eat the same amount of food as a walker, the extra calories would be stored as fat. This also ignores upfront CO2 output from assembling and delivering the car and increased CO2 output from…
They aren't comparable metrics. Revenue doesn't represent value added. I can sell a $20 bill for $20, my revenue is $20 but there is no impact on GDP (nothing has been created, no value has been added). Do that enough…
Then yes, I’ll agree with that. Both can be difficult but valuing just the underlying land is harder.
No, you are wrong. The two cases are analogous. Under a LVT, if their tax goes up, it's because their land became more valuable. So when they sell they get more money. And under a LVT, if they spend money to build or…
Well, property taxes in my city are around 1% currently. Does that mean the city will own 100% of land in 100 years? Probably not. For lots of reasons.
The point is, currently if you build things then you pay higher tax. The current tax structure disincentivizes building things. We don't know what people would build without that disincentive - maybe still nothing, as…
There's not an argument from economic efficiency to tax by rock content.
But this problem already exists. Many people live in homes for 30+ years and pay property tax on the land + improvement (physical home) value. Why would it be so much harder to hypothetically value the land without a…
Detroit and most places in the US already have property tax. Little old grandma already has to pay more every year when her property becomes more valuable. And homestead exemptions already exist to prevent kicking…
Sure, that's possible. Or maybe Mr. Parking Lot Owner just likes the look of parking lots. But the key point is that today, improving the land is disincentivized because it would increase the owner's tax burden. So we…
As others have mentioned, it’s quite easy to structure a land value tax to avoid kicking little old ladies out of their homes. You are arguing against a strawman.
But property tax already exists, so apparently that regressive nature is fine. And middle class people mostly own land that’s been improved. It’s unimproved land that would be taxed much more with a land value tax. I…
Land that’s already been improved would pay less in taxes. Empty lots, parking lots, and other unimproved land would pay more tax. Calling an economic incentive to do something with your empty lot in an urban area…
I hear Cabo is nice this time of year.
Did rents in Palms go up because they built housing or because it's a great location in a city with increasing rent almost everywhere? Or in other words, is there any econometric evidence that building housing increased…
Do you have an example?
Another factor is smaller households. People are staying single longer and waiting longer to move in with partners, creating more demand for housing even without population growth.
What are some of the many other, stronger criticisms of the abundance agenda? Maybe Thompson has replied to some of those, too.
> the quality of available clothing across the world have fallen Do you have a source for this? Anecdotes along the lines of "they don't make 'em like they used to" are incredibly common but often fail to stand up to…
And zoning restrictions are part of the reason why housing prices "always go up." Constrained supply is exactly and precisely what makes housing a profitable investment.
Usually I would agree, but the amount of distortion depends on what portion of DOGE savings are one-off (eliminating grants and contracts) and what portion are recurring annually (workforce reductions). If DOGE savings…
Building housing lowers the cost of housing. Requiring some accounting of $ saved on brickwork -> $ spent on homelessness is just another bureaucratic hurdle, which is ironically exactly what TFA is complaining about.
Conflating free parking with a childhood core memory, a lake trip with your immigrant father, feels a little disingenuous to me. But I think you understand the core idea: by making something cheap or free, we…
It does wrap automatically if you keep typing. I agree the user experience is not great with that, the word you're typing should always be directly over the guide text.
As you note, no two dense neighborhoods are the same. Those experiences would be rare in Tokyo or Kuala Lumpur. I would say that cultural norms dominate density when it comes to explaining late-night partying.
A car driver could easily eat the same amount of food as a walker, the extra calories would be stored as fat. This also ignores upfront CO2 output from assembling and delivering the car and increased CO2 output from…
They aren't comparable metrics. Revenue doesn't represent value added. I can sell a $20 bill for $20, my revenue is $20 but there is no impact on GDP (nothing has been created, no value has been added). Do that enough…
Then yes, I’ll agree with that. Both can be difficult but valuing just the underlying land is harder.
No, you are wrong. The two cases are analogous. Under a LVT, if their tax goes up, it's because their land became more valuable. So when they sell they get more money. And under a LVT, if they spend money to build or…
Well, property taxes in my city are around 1% currently. Does that mean the city will own 100% of land in 100 years? Probably not. For lots of reasons.
The point is, currently if you build things then you pay higher tax. The current tax structure disincentivizes building things. We don't know what people would build without that disincentive - maybe still nothing, as…
There's not an argument from economic efficiency to tax by rock content.
But this problem already exists. Many people live in homes for 30+ years and pay property tax on the land + improvement (physical home) value. Why would it be so much harder to hypothetically value the land without a…
Detroit and most places in the US already have property tax. Little old grandma already has to pay more every year when her property becomes more valuable. And homestead exemptions already exist to prevent kicking…
Sure, that's possible. Or maybe Mr. Parking Lot Owner just likes the look of parking lots. But the key point is that today, improving the land is disincentivized because it would increase the owner's tax burden. So we…
As others have mentioned, it’s quite easy to structure a land value tax to avoid kicking little old ladies out of their homes. You are arguing against a strawman.
But property tax already exists, so apparently that regressive nature is fine. And middle class people mostly own land that’s been improved. It’s unimproved land that would be taxed much more with a land value tax. I…
Land that’s already been improved would pay less in taxes. Empty lots, parking lots, and other unimproved land would pay more tax. Calling an economic incentive to do something with your empty lot in an urban area…
I hear Cabo is nice this time of year.