The Proposed Real Estate Tax Hike is Bad Policy Ankle Biter by Michael C. Hild - March 17, 2019March 18, 201928 Every time I hear of someone mention that they bought a piece of land as an investment I cringe. The practice is sometimes referred to as “land banking” and it is destructive behavior that bears no benefit for landlocked cities such as Richmond. In fact, land speculation inhibits investment as