285
The hidden culprit driving America’s apocalypse of boarded-up storefronts is the banks
(www.businessinsider.com)
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 01 Nov 2023
285 points (98.6% liked)
News
23301 readers
1148 users here now
Welcome to the News community!
Rules:
1. Be civil
Attack the argument, not the person. No racism/sexism/bigotry. Good faith argumentation only. This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban. Do not respond to rule-breaking content; report it and move on.
2. All posts should contain a source (url) that is as reliable and unbiased as possible and must only contain one link.
Obvious right or left wing sources will be removed at the mods discretion. We have an actively updated blocklist, which you can see here: https://lemmy.world/post/2246130 if you feel like any website is missing, contact the mods. Supporting links can be added in comments or posted seperately but not to the post body.
3. No bots, spam or self-promotion.
Only approved bots, which follow the guidelines for bots set by the instance, are allowed.
4. Post titles should be the same as the article used as source.
Posts which titles don’t match the source won’t be removed, but the autoMod will notify you, and if your title misrepresents the original article, the post will be deleted. If the site changed their headline, the bot might still contact you, just ignore it, we won’t delete your post.
5. Only recent news is allowed.
Posts must be news from the most recent 30 days.
6. All posts must be news articles.
No opinion pieces, Listicles, editorials or celebrity gossip is allowed. All posts will be judged on a case-by-case basis.
7. No duplicate posts.
If a source you used was already posted by someone else, the autoMod will leave a message. Please remove your post if the autoMod is correct. If the post that matches your post is very old, we refer you to rule 5.
8. Misinformation is prohibited.
Misinformation / propaganda is strictly prohibited. Any comment or post containing or linking to misinformation will be removed. If you feel that your post has been removed in error, credible sources must be provided.
9. No link shorteners.
The auto mod will contact you if a link shortener is detected, please delete your post if they are right.
10. Don't copy entire article in your post body
For copyright reasons, you are not allowed to copy an entire article into your post body. This is an instance wide rule, that is strictly enforced in this community.
founded 1 year ago
MODERATORS
Corporations shouldn’t be allowed to sit on property. There’s an old fast food restaurant near my neighborhood, boarded up, trash everyone, it’s a eyesore to the community. The owner wants an unreasonable amount for it. It’s been sitting empty for 10 years.
The government needs to step in, tell the landlord to rent the place out, sell it or we’re going to take it and turn it into affordable housing or a park.
50% vacancy tax. Any property that is vacant for more than 50% of the year would require the owner to pay 50% of the assessed value, unless they can prove there is zero demand for the property at any price.
Would solve the problem very quickly. It's a fair, equitable, market driven solution to the problem of real estate vacancies. But governments are much more concerned with maintaining the illusion of value, than effective land use.
We have something better called eminent domain.
That would set a dangerous precedent though.
Yeah I'm just kidding that would be a chaotic nightmare.
I work in commercial loans for a living. I can’t speak to other properties that aren’t securitized, but they can’t exactly just take your property without approval. there are exceptions to the rule but it would still require a lengthy and pricey legal process.
I'm glad to hear it tbh
Eminent domain requires the government to compensate the land owner with the "fair market value" for taking their land. As the "fair market value" is so overinflated that no one can afford to rent the space, taking vacant properties through eminent domain is not a solution.
👆
Do you not have local ordinances requiring property owners to maintain them? Here's language in a local cities code:
All buildings, both existing and new, and all parts thereof, shall be maintained in a safe and sanitary condition. All devices or safeguards which are required by this Building Code in a building when erected, altered or repaired, shall be maintained in good working order. The owner or the owner's designated agent shall be responsible for the maintenance of the owner's building.Not maintaining it would result in fines, which the property owner could pay, but the city could either keep increasing the fines to the point where its cheaper for the property owner to sell it.
Land value tax would fix this
@Zoboomafoo @J12 reforms don't work. Change the system and change the rules. #eattherich
No thank you, I don't subscribe to revolutionary ideologies that want to tear down the system then figure out what to build on the ashes
Not all anti-capitalist ideologies are like that. Some of them have a clear vision of what to build: workplace democracy, social ownership of the means of production and common ownership of land and natural resources
Those are all great goals, I just think that the idea that everything needs to be torn down before it can be rebuilt is self defeating.
@Zoboomafoo Then you're doomed to subsist in a system that will chew you up and spit you out without a care in the world. “Never be deceived that the rich will allow you to vote away their wealth.” #eattherich