3 ms·
Then you don't know the real estate speculation game. Investors buy vacant plots at the periphery of a city for cheap and just... wait. When it is time to spraw
by imtringued 3y ago
Then you don't know the real estate speculation game. Investors buy vacant plots at the periphery of a city for cheap and just... wait. When it is time to sprawl you have to pay huge sums to them for land that is empty. The tax break that you think is going to the home buyer merely raises the value of this land and the investor is getting the money instead of the local government that managed the city.