Amazon builds property empire, quietly buying land across the US

Re:Amazon builds property empire, quietly buying land across... by supertrope on Tuesday June 14, 2022 @05:04PM (#31746076)

Land is finite but the desirability of the land can change. Detroit used to be a tier 1 American city.

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Re:Amazon builds property empire, quietly buying land across... by vidanay on Tuesday June 14, 2022 @05:18PM (#31746221)

For a corporation that is flush with cash, Detroit is potentially a good buy with long term potential. A 50 year timeline is not unrealistic.

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Re:Amazon builds property empire, quietly buying land across... by asdff on Wednesday June 15, 2022 @01:54AM (#31749569)

Is it a better buy than somewhere else is the big question though. Sure maybe you'd make your money back in 30 years but that's not what gets investors going. Otherwise everything would be powered with nuclear energy by now.

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Re:Amazon builds property empire, quietly buying land across... by selectodude on Tuesday June 14, 2022 @07:09PM (#31747124)

Such as, say, Dan Gilbert and Rocket Mortgage.

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Re:Amazon builds property empire, quietly buying land across... by redsparrow on Wednesday June 15, 2022 @02:35AM (#31749797)

Detroit going bust is bad if all of your property is in Detroit, but if you have property in 100s or 1000s of cities then the individual booms and busts become less relevant.

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Re:Amazon builds property empire, quietly buying land across... by beauzero on Tuesday June 14, 2022 @06:01PM (#31746606)

So did Butte and Anaconda, MT.

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