Does Georgism work? Is land a big deal?
I really liked this article. I had a question about it.<p>Could there be a case where existing unpleasant rental properties in highly dense urban cities suddenly have negative rental value?<p>For example, imagine there was a run-down house that is livable, but is one of the most undesirable in SF. Adjacent to it, let&#x27;s say there&#x27;s a shiny desirable house with the same land characteristics. If I understand correctly, these 2 apartments would have the same land value tax right?<p>What kind of effect will this have on the rental price of the bad house? What will dictate the floor of it?<p>- Would it be the cost of the LVT?
- Would it be the lowest rent transaction that occured in the market?
- Would it be zero?<p>If it is one of the last two, I can&#x27;t imagine the land-owner renting it out except for speculation on the desirability of living in SF right?