7. (2013 February) Opinion: Land Value Tax, Rent Inflation and Gentrification

Land Value Tax, Rent Inflation and Gentrification
By Jon Geeting

The reason for the rent inflation is that the speculative value of the land is going up. Landlords see the number of amenities in the neighborhood increasing, and they start thinking they can get away with charging higher rents. Vacant lot owners see rents increasing, and they hold off on developing them into housing until rents go even higher.

http://www.keystonepolitics.com/2012/10/land-value-tax-rent-inflation-and-gentrification/

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