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The only thing that could drive up the land prices is that some landowners try to hold out to demand unreasonably high prices. So what you need is a kind of squ
by taffer 7y ago
The only thing that could drive up the land prices is that some landowners try to hold out to demand unreasonably high prices. So what you need is a kind of squeeze-out mechanism like "If 2/3 of the landowners are willing to sell their land for price X, then the remaining 1/3 must sell for the same price".
- com2kid 7y agoThat is happening as well, land owners go to court to delay development, solely to wait for prices to increase. There are places were price to build out transit have skyrocketed because of this exact tactic being used.