It is something. The funny thing is that it is a trap: you get your 20k/year tax break and the consequence is that everything else around you is overpriced.
> High-speed railway,
... is the result of not having enough roads. There are not enough roads, because new construction is discouraged. New construction is discouraged, in part, because there is a tax break for the property that was bought many years ago.
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It is something. The funny thing is that it is a trap: you get your 20k/year tax break and the consequence is that everything else around you is overpriced.
> High-speed railway,
... is the result of not having enough roads.
There are not enough roads, because new construction is discouraged.
New construction is discouraged, in part, because there is a tax break for the property that was bought many years ago.