4 ms·
This line of thought is pretty silly. Claiming that the city is subsidizing X billions because some public space is free. The land there is so valuable because
by redox99 2y ago
This line of thought is pretty silly. Claiming that the city is subsidizing X billions because some public space is free.
The land there is so valuable because it's desirable. Sure, NYC could sell central park for a bazillion dollars. But the land there is so expensive because central park exists. If it were sold and became buildings, the price of sq ft in Manhattan would massively drop.
- asdasdsddd 2y agoExcept in downtown SF there are dozens of giant empty lots, some are just abandoned, some are flat lots used for 6hrs a week for event parking.
- Breza 2y agoWe still have a few of those here in DC. I've always assumed they're just a way for the owner to hold onto the real estate until it's time to sell.
- amyames 2y agoSF only approves something like 3-4 new housing construction projects a month for its 800,000 or so population. If I have that wrong, just chime in. So even if you lucked out and acquired land , inherited it , or whatever . It could be years before you can do anything with it. If you even have the money to build on it. Parking is the only rent you might be collecting on it.
- deleted 2y ago[deleted]