Rethinking the Economics of Land and Housing
by Josh Ryan-Collins, Toby Lloyd, Laurie Macfarlane, John Muellbauer · first published 2017
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…from the new renters or buyers to the old owner, resulting in greater wealth inequality, since unlike capital the supply of land at a particular location is purely inelastic (see the first 4 chapters of Rethinking the Economics of Land and Housing for more https://www.amazon.com/Rethinking-Economics-Land-Housing-Rya...).
on “How California Became America’s Housing Market Nightmare” ↗…encourage more civic-minded engagement, but I think it’s a far cry from justifying giving him 100% of the increase in ground rents. For a recent book on the moral foundations of land ownership, I recommend Rethinking the Economics of Land and Housing by Josh Ryan-Collins, Toby Lloyd, Laurie Macfarlane (https://www.amazon.com/Rethinking-Economics-Land-Housing-Rya...)
on “San Francisco Has a People Problem” ↗…value of the services of a house.” (from Chapter 5: Q&A) > Its a harmful distortion of the price system. I disagree that LVT (tax on scarcity rents) is a harmful distortion on prices. Chapters 1-4 of Rethinking the Economics of Land and Housing is a good book on this topic. https://www.amazon.com/Rethinking-Economics-Land-Housing-Rya... As you note, the whole point of prices is to incentivize capital investment. But the difference with land…
on “Does Georgism work? Is land a big deal?” ↗If you're in the U.K., I'd highly recommend reading "Rethinking the economics of land and housing" which outlines the history of several clear policies decisions that _encouraged_ housing as an investment which (along with supply restrictions) are in turn why it outperforms lots of other forms of…
on “The global housing market is broken, and it’s dividing entire countries” ↗Unsolicited book recommendation but I saw someone mention "Rethinking the economics of land and housing" recently which serves as a good general primer of the history of and problems with housing. Mainly UK focused but I think it's increasingly the cause of immiseration globally.
on “Software engineering changed my life” ↗> You’ll have to summarize any key points from the book, since I don’t own a copy. The first few chapters of Rethinking the Economics of Land and Housing describe the distinction between competitive capital (whose price signals the economy to create more) and land (which cannot be created) and thus why they should be taxed differently. I think it is mostly…
on “How California Became America’s Housing Market Nightmare” ↗