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Rural Arizonan here. One wealthy Californian bought the three houses adjacent to my home ~8 years ago. All have been vacant since purchase. The guy drops by
by kingmanaz 10y ago
Rural Arizonan here. One wealthy Californian bought the three houses adjacent to my home ~8 years ago. All have been vacant since purchase. The guy drops by on his brand new Harley once a year, at most. Bare minimum upkeep of property: weeds, flaking paint, unpainted siding, etc. Owner does occasionally show up at city council meetings to protest tax increases, however.
Fairly common to encounter the above in small town historic districts across the nation. Perhaps it's inevitable when housing is viewed as a "holding" rather than a home.
- anigbrowl 10y agoWhat does he say in response to being called out as an absentee? I'd be pretty aggravated; I feel like if you buy property you should do something with it, and would support use-it-or-lose-it approach.
- briandear 10y agoIt's his property. As long as it's up to code and doesn't present a health or safety hazard, it's really nobody's business if he lives in it or not.
- sonthonax 10y agoIs it? If markets worked perfectly, possibly, but they don't.
- paulddraper 10y agoThere's a viewpoint out there called "property rights". It means that the owner has the ability to live in his property, rent out his property, make it into a orca preserve, or use it as a temple to the salamander god. Weird, I know.
- anigbrowl 10y agoDon't patronize me. I already made it clear that I adhere to a 'use it or lose it' view of property rights, so your reply that there are such things as property rights is superfluous. Just because we disagree doesn't mean I'm ignorant of your position, and it is rude of your to pretend otherwise.
- paulddraper 10y agoSorry. I figured the wealthy Californian already made it pretty clear that he adheres to a 'I buy it and I own it' view of property rights. "What does he say in response to being called out as an absentee?" seems obvious.