So I would argue that when Stuart says Georgism wouldn't lower rents, he's missing the differing effect on the urban core and the urban margins around that core. Georgism should raise the desirability (and hence rental value) of core regions by putting land there to its highest and best use. This means apartments/etc (and one of my geo-economist friends should have an article coming out in the future partially dealing with how Georgism incentivizes YIMBY and other removals of restrictions on highest and best use). But on the other hand, this also means that development won't be pushed out in the form of sprawl bc of vacant lots and severely underutilized land... (read 739 more words →)
So I would argue that when Stuart says Georgism wouldn't lower rents, he's missing the differing effect on the urban core and the urban margins around that core. Georgism should raise the desirability (and hence rental value) of core regions by putting land there to its highest and best use. This means apartments/etc (and one of my geo-economist friends should have an article coming out in the future partially dealing with how Georgism incentivizes YIMBY and other removals of restrictions on highest and best use). But on the other hand, this also means that development won't be pushed out in the form of sprawl bc of vacant lots and severely underutilized land... (read 739 more words →)