Historically it has looked quite intractable, but I’d say that’s changing recently and may spur more grants.
The bigger problem though is it’s a first-world issue, so you automatically get a big haircut on cost effectiveness. Even so, this is one of only a handful of things that are prioritized for those geos.
I think looking at policy specifically can be first world and narrow, but I’m with a company looking to raise the accuracy of property assessment period, and I think there’s a lot of impact to be had there.
For instance we’ve worked with some poor Eastern European countries who are only now getting proper data collection and models set up, which will help them tax much more effectively, as well as help stabilize their real estate market. It’s still early days though!
Thanks for the link!
Edit: looks like the total is around $20 mil to land use reform. Still a good amount but I’d think it would be a higher priority.
Historically it has looked quite intractable, but I’d say that’s changing recently and may spur more grants.
The bigger problem though is it’s a first-world issue, so you automatically get a big haircut on cost effectiveness. Even so, this is one of only a handful of things that are prioritized for those geos.
I think looking at policy specifically can be first world and narrow, but I’m with a company looking to raise the accuracy of property assessment period, and I think there’s a lot of impact to be had there.
For instance we’ve worked with some poor Eastern European countries who are only now getting proper data collection and models set up, which will help them tax much more effectively, as well as help stabilize their real estate market. It’s still early days though!
I’d like to think proper land management is also crucial going from third or second world to first world, as Scott points out in his review of How Asia Works. https://astralcodexten.substack.com/p/book-review-how-asia-works