4 ms·
In Australia, homes tend to be more an investment. The home part just needs to be good enough, the land is the real value. A shit rundown place can be worth mi
by langsoul-com 4y ago
In Australia, homes tend to be more an investment.
The home part just needs to be good enough, the land is the real value. A shit rundown place can be worth millions, just because of the land. The house itself gets knocked down for an apartment complex.
- masklinn 4y agoThe US is the same, except for the part where you replace the house by an apartment complex because US zoning is fucked.
- hiAndrewQuinn 4y agoIt's the same everywhere that doesn't implement a robust land tax. Which is to say, everywhere.
- masklinn 4y agoNonsense. In most of the world you can tear down a bunch of houses, merge the parcels, and build an apartment building. It might require permitting, but zoning is not an issue, because outside the US zoning tends to be based on activity nuisance levels. In the US however zoning tends to be exclusive and a lot more specific, so you can (and cities do) zone large areas as single-family residential meaning you can not replace single family houses by MUAs without rezoning the area, a much more complicated, expensive, and lengthy proposition. Not to mention US-style exclusive zoning also by definition precludes mixed-use developments.