I can't imagine most romanians are happy with their land being so cheap overall (and their economy not doing great) so I doubt most people living there would object to the local land prices going up (that's a good thing).
* It’s bad for people who don’t own a house, which disproportionately impacts the poor and the young.
* It doesn’t really help homeowners either: their property taxes go up but the increased land value will just be spent on the increased cost of a new property if they move nearby.
* So the only way to realise increased land value is to move outside the local market. This turnover reduces the community of a neighbourhood, and creates pockets of dull old homogeneous people with no shared history.
* The only real way to benefit from rising prices is to invest in property, further concentrating wealth among the wealthy.
* Treating one of society’s most important assets as an investment has a ton of negative side effects, like poor utilisation due to land banking, cheaply finished low quality buildings rather than ones that vest serve their occupants, evictions, further increased community turnover.
* It’s a self perpetuating cycle, as the wealthy investors vote, lobby, and just straight up are politicians.
Schools are closing one after the other. The countryside is littered with abandoned schools. People there are despaired to see their cities shrink.
When we arrived from Tokyo with a young kid, we were more than welcomed and locals helped us localize the best houses for us.