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"from Now On" Lvt?

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Merryn Somerset-Webb has proposed an LVT that only applies to location value increments that happen from now on - in order not to apply it to existing gains that houses in London and elsewhere have made over the past decade or so. http://moneyweek.com/merryns-blog/trouble-land-value-tax-way-round/

This would prevent creating losers in the older generation, but restrain HPI going forward. But my problem with the whole idea of making an LVT from now on only is that it bakes in the current high house prices.

Hasn't Merryn thought of the generational losers among the young who need house prices to fall - not just be maintained (and encouraged not to rise) at current levels - but actually to fall?

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Merryn Somerset-Webb has proposed an LVT that only applies to location value increments that happen from now on - in order not to apply it to existing gains that houses in London and elsewhere have made over the past decade or so. http://moneyweek.com/merryns-blog/trouble-land-value-tax-way-round/

This would prevent creating losers in the older generation, but restrain HPI going forward. But my problem with the whole idea of making an LVT from now on only is that it bakes in the current high house prices.

Hasn't Merryn thought of the generational losers among the young who need house prices to fall - not just be maintained (and encouraged not to rise) at current levels - but actually to fall?

Doesn't sound like her- can't imagine MSW " going native".

Stranger things have happened though.

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It sounds as if moneyweek has now come to accept that it's been on a lost cause and house prices will always go up - or at least will never go down (any further).

Edited by billybong

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