A crux I have on the point about disincentivising developers from developing parts of their own land—how common is this? In my own country, the answer is—not at all, almost all development comes from the government building infrastructure, schools, etc. and developers buy land near where they know the government will build a metro line or whatever to leech off the benefits. Is the situation in the US that developers often buy big plots of cheap land and develop them with roads, hospitals, schools, to benefit from the rise in value of all the other land?
A crux I have on the point about disincentivising developers from developing parts of their own land—how common is this? In my own country, the answer is—not at all, almost all development comes from the government building infrastructure, schools, etc. and developers buy land near where they know the government will build a metro line or whatever to leech off the benefits. Is the situation in the US that developers often buy big plots of cheap land and develop them with roads, hospitals, schools, to benefit from the rise in value of all the other land?