Comment by KumaBear

3 days 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.

2 comments

KumaBear

Reply
pianopatrick  3 days ago

I 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  3 days ago

    2% property tax is cheap compared to inflation and how quickly property values have been increasing.