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Building a city makes the land more valuable. If you tell people that you plan to invest a ton of money into the area they will include that information in thei
by krisoft 3y ago
Building a city makes the land more valuable. If you tell people that you plan to invest a ton of money into the area they will include that information in their calculations when you are trying to buy their land. Some will then only sell their land for skyhigh prices, and some won’t sell at all in the hopes that they can sell it for even more once the city has been built around them. This can strangle the project in its infancy.
> If you want to join a community, you can just, like, go join it.
Yeah and that works perfectly well if you want to buy a single farm. You negotiate with the seller, you do the contract stuff, you pay, you move in. All good. But that is not what they plan.
It is almost as if you haven’t thought about why they do what they do at all.
- chopsuey5540 3y agoYes indeed, they are being deceptive to the local community to try to rip them off.
- ffhhttt 3y agoI’m not sure that straightforward, the value of the land will only really increase if the project is somewhat successful and the landowners (not necessarily part of the “local community”) expect to be paid the already inflated price without having to take on any risk. Both sides are just trying to maximize/minimize their gain/cost, introducing some moral angle just seems weird to me. Especially when any attempt to significantly expand the housing supply (considering the current situation) should surely be viewed as a net positive for the society as a whole?
- snapplebobapple 3y agoNo, they are being private about their future plans to avoid being ripped off themselves.
- WeylandYutani 3y agoGentrification for me but not for thee.
- ffhhttt 3y agoWell supposedly after all the rich people move into this “utopian” willing there will be more housing left for everyone else?
- DemocracyFTW2 3y agoYeah right we're a free society in the West are we, so you're free to buy my disused Santa Barbara property or the condo with view onto Central Park that I only saw once after buying it, or sleep under a bridge or whatever. Suit yourself this is a free country.
- ffhhttt 3y agoNah, in theory you’d buy/rent a house somebody sold to move into slightly nicer one [repeat 5 times] somebody who bought the Central Park condo.
- peteradio 3y agoGentrification for thee but not for free!
- bee_rider 3y agoI get that part, I just don’t care about the financial details of how they are buying a community, they are just a boring little side detail. I was commenting on the fact that they are using the language of community engagement, but they are just blatantly buying a town, not engaging with it.