Comment by djrobstep | Hacker News Reader

Top New Best Ask Show Jobs

Comment by djrobstep | Hacker News Reader

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100% of the rental income generated from land value (as opposed to buildings/improvements).

Formula: total rental income * (value of land / value of land and buildings)

Why would anyone buy property under this regime?

For the exact same reasons they buy it now.

For exactly the same reasons that they do now other than speculating on its value increasing in the future. And of course, the prices for property would be much, much lower under this regime.

somewhere to live..

Your article did not make this clear at all.

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