Those property owners with $3 million houses will do everything in their power to prop their value up. That means inhibiting high density development. That means pretending a laundromat is "historic".
With a 100% LVT their houses arent worth $3 million theyre worth exactly as much as an equivalent house in Omaha.
There is no point in NIMBYing to inhibit housing with stupid shit like pretending a laundromat is a historic building. Inhibiting development wont drive up property prices. Change those laws and others will be abused.
But those people with $3 million houses will do ANYTHING to prevent an LVT.