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> If you own dead/brown/unoccupied land, you're an asshole. Swap land with housing and you get something that has been going on for some time over here: homebu
by squarefoot 2y ago
> If you own dead/brown/unoccupied land, you're an asshole.
Swap land with housing and you get something that has been going on for some time over here: homebuilders receiving government funding to make lots and lots of new homes then after they're finished letting them empty to keep homes prices high by reducing the offer compared to demand. This goes on for years, sometimes even forever until either they rot or become refuge for squatters.
- wakawaka28 2y agoUnless you own a majority of the homes, it is never more profitable to let them sit vacant. It's literally money left on the table. So I am skeptical about claims of this happening on a large scale.