points by dzonga 2 days ago | 0 comments
over the long run land-leases have proven effective e.g with Shenzhen.
the people that need the land - lease it first - develop it. if you don't develop it - you don't realize any gain from it. thereby removing speculation.
[–] londons_explore 2 days ago
[–] thelaxiankey 18 hours ago
Why not? Just cause it's not strictly in steady state doesn't mean we aren't approximating steady state
[–] aeternum 1 day ago
Long-term leases seems very similar to ownership, ultimately equivalent. Like what is the difference really between a 70 year lease with automatic renewal vs. owning the land?
There is still speculation with these long-term leases, and the article even mentions that the leases themselves became marketable assets, very similar to a land deed.
[–] thelaxiankey 18 hours ago
Personally, I don't have a problem with land ownership, i've got a problem with speculation and rent seeking. The point of a lease is you've gotta pay rent, which to my eyes is a good, easy to implement approximation of a land value tax.
[–] jongjong 2 days ago
The idea of investing my hard earned money to build on land I don't own sounds incredibly foolish. You're completely at the mercy of the counter-party. You don't own it, they own you!
[–] tancop 2 days ago
It's a fixed long term lease from the state that often comes with a right to renew, not rent you pay to a landlord every month. They can't just decide to take it back and kick you out (unless the government is corrupt, but then it doesn't matter if you fully own it because they will do it anyway).
[–] motionlessveloc 2 days ago
Eminent domain exists all over the world, you can be kicked off your land even if you own it if the Vogons in government decide they need it for the hyperspace bypass.
[–] idiotsecant 1 day ago
Yes unlike in systems where you buy your land and are completely at the mercy of the government not to seize it for eminent domain or taxes or...
Long term government land leases are a good thing. The only thing that they inhibit is dynastic wealth which seems like a bonus to me!
That isn't the case in Shenzhen.