Re:Why American cities are broke (2021) [video]
by foobarian on Friday August 19, 2022 @09:56AM
(#32520991)
There is a loophole there. I can buy up a lot of land, and sublet parcels to tenants under strict covenants. This is me doing what I want with my private property. Fast forward a century and you have a bunch of large communes owned by trusts dictating zoning. I.e. towns and cities.
Do you think I'm talking about eminent domain, or something? I am not. I can't build a highrise on their property unless they let me. They're going to have to voluntarily sell me the land before I can do anything with it. I'm not proposing anything except that they be allowed to do that, if they wish to. They don't have to do anything.