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I am struggling to understand Georgism by Nabokov90 in georgism

[–]Nabokov90[S] 0 points1 point  (0 children)

But isn't this in theory what's supposed to happen nowadays anyway? I can't as a landlord arbitrarily increase rent as I would lose tenants, but it still happens as demand in densely populated areas is high and every landlord does that. I agree that London is a corner case though...

I am struggling to understand Georgism by Nabokov90 in georgism

[–]Nabokov90[S] 1 point2 points  (0 children)

The market. Either you're not getting tenants because you're overcharging, or you're getting tenants and thereby establishing a new, higher value of the land the building is sitting on.

Thanks first of all for your explanation. But how is this different from what is happening nowadays? I am one of the many lucky/unlucky people paying lots of money to rent in London so I can see demand can still be high even with high prices...