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by kodyo
1406 days ago
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There are some undefined variables. Did the people doing the improving own the land? Well, now they're no longer poor. Yay. Sell and get out of there before the Californians move in and turn it into a sewer. If they voluntarily improved somebody else's land under no contractual agreement with the owner, why do they think they're entitled to a share of the new value? If they voluntarily improved "public" land, good luck extracting gratitude from the state after the fact. The bureaucrats are more likely to issue fines and send in bulldozers. |
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> If they voluntarily improved "public" land, good luck extracting gratitude from the state after the fact. The bureaucrats are more likely to issue fines and send in bulldozers.
I wonder if this is a fringe example as I imagine few people are radically improving public land, esp. to such extent that it's causing a real estate rush. We might then go across not only the country but to other nations like Canada and ask what proportion of real estate booms are due to this scenario.