How do you propose to implement this? In the past, living on the better land meant others would be more likely to try to take it by force. If you attempt to suppress this dynamic entirely instead of transforming it into some other dimension (e.g. violence to money), you will fail and it will be replaced by either a money black market or violence or both.
Also would seem to encourage slumlords - if it's worth what it's worth, why bother with things like "maintenance", "repairs", or god forbid "upgrades"?