tag:blogger.com,1999:blog-880836372409397139.post8009351467070857549..comments2023-10-07T13:31:47.789+02:00Comments on AN OUTSIDE VIEW: Energy efficiency in the homePhysiocrathttp://www.blogger.com/profile/13682019625346594568noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-880836372409397139.post-91207005837078743852011-10-31T16:35:36.102+01:002011-10-31T16:35:36.102+01:00Good question. It answer is the same as if everyon...Good question. It answer is the same as if everyone in your street improves their house eg restores old buildings, repaints, plants their gardens, etc. This enhances the value of your land even if you do nothing. This is what we mean when we say that land value is created and sustained by the presence and activities of the community.<br /><br />Each site is valued in turn, on the assumption that it were vacant but that everything around was as it is.Physiocrathttps://www.blogger.com/profile/13682019625346594568noreply@blogger.comtag:blogger.com,1999:blog-880836372409397139.post-90540695408554193862011-10-22T23:38:07.724+02:002011-10-22T23:38:07.724+02:00Hello, I know this isn't directly related to t...Hello, I know this isn't directly related to this piece (although I did enjoy reading it), but I have a question for you about LVT. I posted it on the Guardian but I don't think you will have seen it.<br /><br />Here is my post in full:<br /><br />"@Physiocrat<br /><br />I have a question for you about LVT.<br /><br />Say that people build on land and then provide private services, such as clinics or education, and this pushes up the value of land in the area (as services and perhaps skilled employment are within short distance), how then would you value the land on which these services are provided from?<br /><br />Take, say, a good private school or a clinic, or even a railway station, which adds x amount of value to the surrounding land. Since the property(hypothetically) increases the value of the surrounding land itself, but in order to value the land you should discount the value of the property... then won't you necessarily overestimate the value of the land the school or clinic is built upon since the value of the land it is built upon is related to the service that the building provides?<br /><br />I would appreciate your thoughts."Partially Randomhttps://www.blogger.com/profile/06073670374044204082noreply@blogger.com