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by abeppu 2137 days ago
People on this thread rightly point out that this isn't a great deal b/c the costs to actually get it to livable condition, along with conservation constraints might be quite significant.

I think an interesting point of comparison is Japan's policies around abandoned houses, and efforts to try to prop up vanishing rural communities, where aside from repair/renovation and administration costs, the owner can also be obligated to actively farm agricultural land associated with the property.

https://blog.gaijinpot.com/buy-abandoned-house-in-japan/

2 comments

On a similar point, this video goes through the costs of buying an abandoned house in Japan: https://www.youtube.com/watch?v=TwRjO3kHxU4 To be fair, although there are a lot of "extras", the sums involved still seemed relatively small.
A point in Japan is that property owner can't throw away own properties. So they need to sell unused properties to reduce property taxes.
Can you throw away owned real property elsewhere? The closest I can think of is not paying property taxes and hoping the state/municipality will seize the property and not come after you for the difference. If the actual value of the property is zero or negative it's difficult to come out ahead.