this post was submitted on 08 Feb 2024
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Landlords ☭ (midwest.social)
submitted 7 months ago by mossy_capivara@midwest.social to c/196@lemmy.blahaj.zone
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[–] FireRetardant@lemmy.world 8 points 7 months ago* (last edited 7 months ago)

Land value tax will get many surface level parking lots erased in downtown areas, returning density to downtown cores. It becomes a lot less profitable to stay a surface level lot the more the land value/land value tax increases. Put up new housing/workplaces in their place and be more space effecient by using underground parking/parking garages.