Spotted by Bob E at the BBC:
The owners of empty shops in Liskeard have been accused of trying to cash in on the town's £100,000 facelift. The Cornish town was one of 12 in England chosen for government cash to rejuvenate its shopping area with the help of retail guru Mary Portas.
Since the announcement last month, two owners have put up the asking price of their properties. Liskeard Mayor Tony Powell described the hike as greedy and insensitive, but inevitable.
One owner, who had an empty property on the market for £275,000, has instructed her estate agent to increase the asking price to £300,000.
Right, as we can see, subsidies push up land prices; can somebody explain to me why on Planet Home-Owner-Ist, the converse also seems to apply: the age-old KLN that "if we had Land Value Tax, landlords would just add it to the rents"?
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4 comments:
>why on Planet Home-Owner-Ist, the converse also seems to apply: the age-old KLN that "if we had Land Value Tax, landlords would just add it to the rents"?
Because they are anti-capitalist*?
*As defined by Adam Smith and David Ricardo.
Similar thing is going to happen when they build the Battersea Northern Line extension...
SB, it's because they have pulled off the magnificent trick of referring to "location" as "capital", the value of which is somehow fixed and hence the returns to which are somehow guaranteed.
M, in an outbreak of Georgist commonsense, the Mayor did ask the local developers to chip in a couple of hundred million for the new station. Better than nothing, I suppose.
Classic woolly, socialist, social engineering thinking in there. All these horrible greedy people. Why won't they just be nice?
The rationalist says "most people are going to be 'greedy'. What, if anything, are you going to do about it" (I include in 'greed' things like giving to the charitable causes of your choosing rather than the ones that someone else thinks is righteous).
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