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Then it would be lucrative to buy up land and sit on it to hold a monopoly on the competition. Can’t build or rent what you can’t buy.
by KumaBear 9mo ago
Then it would be lucrative to buy up land and sit on it to hold a monopoly on the competition. Can’t build or rent what you can’t buy.
- pianopatrick 9mo agoI suppose that depends on the way the property tax system works. Paying 1-2% property tax each year on empty land does not seem like a path to riches.
- wyre 9mo ago2% property tax is cheap compared to inflation and how quickly property values have been increasing.