1709Most valuable asset - Was: Baby Steps
- Nov 10, 2006On Nov 9, 2006, at 1:33 PM, Sean Brooks wrote:
> 1) it's a mistake to say that land is the most valuable asset peopleHow'd you get buildings aging to increase their value like fine wine?
> (US figures)
> Median home price is ~$220,000.
> Land portion of this is probably 30% - $66,000 - or less.
> So already, their home, at $154,000 is worth more than their land.
Actually, the part rising is the locational value. And in the pricier
places, it can be like 80% of the total.
> Furthermore, the initial steps towards LVT, a dual rate property tax,More? Where? In the rust belt, sure, but where people are flocking to?
> financially benefits more homeowners than it hurts.
Not so sure about that. Looks like more of them lose.
> Likewise, an increase in LVT collected, concurrent with a reductionNow you're getting somewhere.
> in wage taxes, should benefit the vast majority of the population
SMITH, Jeffery J.
President, Forum on Geonomics
Share Earth's worth to prosper and conserve.
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