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Simple: unused land and unoccupied buildings ultimately kills the cities that make that land valuable in the first place. This is a classic case of a series of
by cletus 8y ago
Simple: unused land and unoccupied buildings ultimately kills the cities that make that land valuable in the first place. This is a classic case of a series of short-term logical decisions ultimately benefitting no one.
Cities are (or should be) for the people in them. Not simply a vehicle for the ultra-wealthy to park wealth.
- Spooky23 8y agoThat's not compatible with how the law or principles of American governance work. Your home is your castle. Ultra-wealthy aren't laundering money in real estate because property taxes are too low. The situation we have today is a obvious result of fiscal policy made in the 80s, that was predicted then.