Reply to Who do you think will win MoCo county exec?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I like Friedson more than Glass. Glass has a tendency to promote pointless performative initiatives. [b]Friedson definitely gets funding from developers and it shows but he is someone who is pretty serious and knowledgeable about politics and policy.[/b] [/quote]

So you like putting a dangerous weapon in the hands of an adversary?  SMH...[/quote]

I don't think of developers as adversaries. They are an interest group, one among many, and sometimes their interests align with mine and sometimes they don't just like any other group.[/quote]

The companies that are actually building things aren’t adversaries. A lot of them are predatory — opposing safer building codes and basic consumer protections — but they’re not adversaries.

The land speculators are adversaries (unless you are one). They’re rent seekers, and when you look for the real winners from Friedson’s housing policies, it’s the land speculators who win, not actual developers. [/quote]

I'd love to see more information about this! [/quote]

If you create a tax abatement or other subsidy for building on a piece of land, the price of that land goes up. The price of land is based on its revenue potential minus building costs. If you reduce costs through tax abatements, the price of land goes up. It’s simple to economics. The person who wants to build trades operating costs for land price up front.

If a person doesn’t want to build, the appreciation land is great. There’s the obvious benefit of being able to sell for a higher price, but there’s also the benefit of being able to borrow more against that piece of land. If you look up any of the prime undeveloped land in this county, you’ll see multiple loans taken against it, with the amount of the loan often many times the assessed value of the land. [/quote]

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