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points by aeternum 1 day ago | 0 comments
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.
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