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I guess that just adds more to the "I don't know how I feel." part. If the demand is there, then they will sell. Otherwise, this person would own a bunch of emp
by apacheCamel 6y ago
I guess that just adds more to the "I don't know how I feel." part. If the demand is there, then they will sell. Otherwise, this person would own a bunch of empty property. But is there something already stopping that? Is there anything stopping Jeff Bezos from just buying up a small community and disallowing anybody to live there without paying a ton extra? I am very unfamiliar with real estate so this is a genuine question.
- WalterBright 6y agoIf I got wind that Bezos was determined to buy up every property in my neighborhood, I'd quadruple my price. Heck, 10x! Bezos would pay plenty. I'd buy my neighbor's house for 2x and jack that up 10x for the sale to desperate Bezos. This is why such attempts to corner the market fail. See Hunt Brothers.
- kd5bjo 6y agoSimilarly, Disney bought the land in Florida for WDW quietly, using a bunch of shell companies, to avoid exactly this situation.