I read the story and remain disappointed but the lack of nuance. Housing instability is a massive stressor in itself and you can be a higher income earner later in life (ie after kids grown) and be unable to access stable housing for remainder of your life.

— Anna E (@e11_anna) September 6, 2023

2/ To spell it out: If we taxed land values more (& incomes, goods & services less) we'd not only reduce the amount of land rent held in private hands but also reduce the price of land itself, b/c there's less land rent be to privately capitalised into a land price.

— Bryan Kavanagh (@bryankav123) September 6, 2023

3/ The problem: Banks go mortgagees against the 'security' of land prices, & mortgagors don't like to see the price of their sites decline. So, we're stuck with the problem of impossibly increasing land prices and can't really discuss taxing land values more.
Not even gradually?

— Bryan Kavanagh (@bryankav123) September 6, 2023

4/ The phenomenon of near-impossible land prices can't be solved by drip-feeding a greater supply of 'houses' onto existing land-inflated real estate markets. So, land prices are left to correct themselves in bubble-burst episodes that result in savage financial recessions. 😣

— Bryan Kavanagh (@bryankav123) September 6, 2023