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by imtringued
1095 days ago
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This is a pyramid scheme that only works until you run out of undeveloped land. Also, this is already done in the form of suburban sprawl. You generate a bounded one off income but end up burdened with yearly maintenance obligations that never end. Instead of doing this, it would be far more logical to just charge for the services being provided in the form of a yearly fee proportional to the amount of land that is being occupied. |
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The whole point of a pyramid scheme is they don't create value.
Developing the undeveloped is a productive contibution to the economy. Solving the housing crisis is a productive activity
> this is already done in the form of suburban sprawl
You have to create high-density housing, apartments, and local amenities. Pulling expensive underground rail tlinto a group of suburban homes is a waste
> You generate a bounded one off income
keep them and rent them out