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Parasitic
(lemmy.ml)
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this post was submitted on 13 Sep 2023
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No problem with builders making money.
Why don't I just erect an estate? Land is too expensive here, not the buildings. Very hard to make new land.
Land is expensive where many people live. There is enough land available in Alaska for estates
Not everybody can live in an estate and expect low travel time into the city center.
If you want to create new housing in a city, you have to share land. In other words, you have to build high-risers.
They want a million dollars (AUD) for 1000m2 of farmland where I am, 1 hour commute to the nearest city
It's on a flood plane
It's advertised to people to use as "land banking" on the off chance that it might get rezoned in the next 20 years.