zlacker

Put a land value tax in place, and then the incentive to hold property for speculation goes away, in favour of selling it to people who can use it productively.

>>lmm+(OP)
> Put a land value tax in place

We already have that. I pay huge property taxes every year and so does everyone else who owns land.

>>Walter+XJ1
Not the same thing. Property taxes based on the improved value of the land create a perverse incentive to avoid making improvements, and California prop 8 and similar laws encourage people to hold property as long as possible rather than sell to people who could make better use of it.