4 ms·

… and a permit is required to hold the property? (I'm curious why people are having permits issued if they have no plan to build) Is this like domain names?

• voisin 3y ago
  Parent comment is incorrect. No one goes through the costs of design and permitting and planning approvals to do nothing and hope prices go up. You’d wait and land bank and then do it when you were ready to develop. Developments have been put on hold because interest rates skyrocketed and inflation in construction costs has as well. So original business plans are no longer viable.