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Empty real estate buildings used purely as an investment vehicle while the city below suffers a housing, affordability, and homeless crisis. http://www.vacantn
by Hammershaft 3y ago
Empty real estate buildings used purely as an investment vehicle while the city below suffers a housing, affordability, and homeless crisis.
http://www.vacantnewyork.com/ http://www.vacantnewyork.com/
Henry George predicted that these exact conditions would worsen as societies grow richer, as a product of the economics of land speculation. If you're interested the what Georgism recommends to remedy this crisis and create the conditions for broad prosperity, I strongly recommend checking on this primer:
https://www.astralcodexten.com/p/your-book-review-progress-and-poverty https://www.astralcodexten.com/p/your-book-review-progress-a...