Adrian

“In order for our land contribution model to be complete, we have to consider two more aspects of affordable housing. First, we have to minimise the inequality between tenants and landowners, and second, we have to provide the homeless with guaranteed access to land.

Because higher rents are a byproduct of increasing community affluence, tenants get priced out (gentrification). The option of rent control results in a shortage of housing and lower quality housing.

What's required is a new mechanism by which higher rents are equally shared with all residents - a Universal Basic Income, financed entirely by community land contributions.

The homeless should receive free public housing with the cost deducted from their Universal Basic Income.”
― Martin Adams, Land: A New Paradigm for a Thriving World

“One way for communities to create affordable housing is for local communities to adopt land-use rights. Local governments or community land trusts would provide financing to homebuyers, who would then make land contributions on their properties in perpetuity. As a result, communities would get reimbursed for the goods and services they provide to homeowners, while property buyers would primarily become home buyers not land buyers.”
― Martin Adams, Land: A New Paradigm for a Thriving World

“Property taxes - particularly those which tax only or primarily the land and not the improvements - are the closest approximations we have today to community land contributions. For this reason, property taxes and home affordability rates - which is to say, land affordability rates - are inversely correlated.

Land contributions are necessary for the vitality of every community and city. For example, urban sprawl is a consequence of not capturing sufficient land contributions and thus enabling inefficient land use.

Community land contributions lead to a more intensive use of land and encourage the greening of a city's surroundings, as the existing population will tend to cluster closer together. Land contributions also encourage the restoration of blighted areas.”
― Martin Adams, Land: A New Paradigm for a Thriving World

“Human beings need land even more so than they need money; the monopoly of land - not the monopoly of money - is the primary driver of poverty and inequality. Once we understand that the issue is lack of affordable access to land, and therefore to community, we understand why the value of land has to be shared.”
― Martin Adams, Land: A New Paradigm for a Thriving World