undefined | Better HN

0 pointsKumaBear2mo ago0 comments

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.

0 comments

pianopatrick2mo 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.

wyre2mo ago

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

j / k navigate · click thread line to collapse

0 pointsKumaBear2mo ago0 comments

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.

0 comments

pianopatrick2mo 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.

wyre2mo ago

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

j / k navigate · click thread line to collapse