Comment by tetromino_
1 day ago
In New York, you sometimes find unofficial community parks / third spaces on unused plots of land which for whatever reason (such as a strange shape) are difficult to develop. These are maintained by enthusiastic local residents, and the land owners turn a blind eye to it as long as there are no complaints.
If LVT is implemented, land owners will have a financial incentive to sell off the plots, and the spaces will be gone.
What incentive to sell off the plot does LVT create that doesn't already exist, maybe with a marginally lower degree? I'm guessing the reason they can't sell a tiny weirdly shaped lot is that no one wants it. If they didn't want it and they could sell it, they already have ample financial incentive to sell.
Sell them to who? How much would someone pay for land that's difficult to develop?
If someone else can develop the land, why doesn't the current land owner