California's tax system through 1978's Prop. 13 incentivizes landbanking, or keeping land non- or under-utilized.https://twitter.com/sama/status/790954275689988096 …
do you have data that compares those things because @LAO_CA quantified this.pic.twitter.com/7iDZBEuB9x
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does the inverse situation exist anywhere comparable: land turnover increasing with longer tenancy?
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Regardless of tax regime, longer-held parcels have lower purch price and cost of capital viz same oppty cost.
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