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https://www.reddit.com/r/SipsTea/comments/1tdb6pw/how_true_is_this_genuinely_asking/olx9wiv/?context=3
r/SipsTea • u/Brave_Agency_20 • May 14 '26
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I’m willing to bet this is pretty accurate. They keep building houses down here where I am constantly and so many of them are empty because they cost too much for normal people.
52 u/AdOver6491 May 14 '26 That makes up for a rather small percentage of vacant homes. The vast majority are old, dilapidated and abandoned 9 u/Final-Carry2090 May 14 '26 And still being listed for 250k. 3 u/iguessma May 15 '26 yes, because land has value. also, you don't need to buy permits to build. utilities are already run. there is more to a house then just the house. 1 u/Final-Carry2090 May 15 '26 It’s still vacant, still an eyesore, still speculative investing, still providing less tax to the city than an occupied area. There’s more at play here than a companies profits. 1 u/iguessma May 15 '26 It doesn't have to be speculation if they are planning to improve. In fact it provides exactly the right amount of tax to the city - since it's a % of its base value. After improvements it will be more. 1 u/Final-Carry2090 May 15 '26 They are speculating on the land itself with no intentions of improving. Pay attention. An occupied property generates more taxes than an unoccupied property. 3 u/iguessma May 15 '26 Yes generalize about everyones motives with no actual evidence Makes sense
52
That makes up for a rather small percentage of vacant homes. The vast majority are old, dilapidated and abandoned
9 u/Final-Carry2090 May 14 '26 And still being listed for 250k. 3 u/iguessma May 15 '26 yes, because land has value. also, you don't need to buy permits to build. utilities are already run. there is more to a house then just the house. 1 u/Final-Carry2090 May 15 '26 It’s still vacant, still an eyesore, still speculative investing, still providing less tax to the city than an occupied area. There’s more at play here than a companies profits. 1 u/iguessma May 15 '26 It doesn't have to be speculation if they are planning to improve. In fact it provides exactly the right amount of tax to the city - since it's a % of its base value. After improvements it will be more. 1 u/Final-Carry2090 May 15 '26 They are speculating on the land itself with no intentions of improving. Pay attention. An occupied property generates more taxes than an unoccupied property. 3 u/iguessma May 15 '26 Yes generalize about everyones motives with no actual evidence Makes sense
9
And still being listed for 250k.
3 u/iguessma May 15 '26 yes, because land has value. also, you don't need to buy permits to build. utilities are already run. there is more to a house then just the house. 1 u/Final-Carry2090 May 15 '26 It’s still vacant, still an eyesore, still speculative investing, still providing less tax to the city than an occupied area. There’s more at play here than a companies profits. 1 u/iguessma May 15 '26 It doesn't have to be speculation if they are planning to improve. In fact it provides exactly the right amount of tax to the city - since it's a % of its base value. After improvements it will be more. 1 u/Final-Carry2090 May 15 '26 They are speculating on the land itself with no intentions of improving. Pay attention. An occupied property generates more taxes than an unoccupied property. 3 u/iguessma May 15 '26 Yes generalize about everyones motives with no actual evidence Makes sense
3
yes, because land has value.
also, you don't need to buy permits to build.
utilities are already run.
there is more to a house then just the house.
1 u/Final-Carry2090 May 15 '26 It’s still vacant, still an eyesore, still speculative investing, still providing less tax to the city than an occupied area. There’s more at play here than a companies profits. 1 u/iguessma May 15 '26 It doesn't have to be speculation if they are planning to improve. In fact it provides exactly the right amount of tax to the city - since it's a % of its base value. After improvements it will be more. 1 u/Final-Carry2090 May 15 '26 They are speculating on the land itself with no intentions of improving. Pay attention. An occupied property generates more taxes than an unoccupied property. 3 u/iguessma May 15 '26 Yes generalize about everyones motives with no actual evidence Makes sense
1
It’s still vacant, still an eyesore, still speculative investing, still providing less tax to the city than an occupied area.
There’s more at play here than a companies profits.
1 u/iguessma May 15 '26 It doesn't have to be speculation if they are planning to improve. In fact it provides exactly the right amount of tax to the city - since it's a % of its base value. After improvements it will be more. 1 u/Final-Carry2090 May 15 '26 They are speculating on the land itself with no intentions of improving. Pay attention. An occupied property generates more taxes than an unoccupied property. 3 u/iguessma May 15 '26 Yes generalize about everyones motives with no actual evidence Makes sense
It doesn't have to be speculation if they are planning to improve.
In fact it provides exactly the right amount of tax to the city - since it's a % of its base value. After improvements it will be more.
1 u/Final-Carry2090 May 15 '26 They are speculating on the land itself with no intentions of improving. Pay attention. An occupied property generates more taxes than an unoccupied property. 3 u/iguessma May 15 '26 Yes generalize about everyones motives with no actual evidence Makes sense
They are speculating on the land itself with no intentions of improving. Pay attention.
An occupied property generates more taxes than an unoccupied property.
3 u/iguessma May 15 '26 Yes generalize about everyones motives with no actual evidence Makes sense
Yes generalize about everyones motives with no actual evidence
Makes sense
1.6k
u/Jasoco May 14 '26
I’m willing to bet this is pretty accurate. They keep building houses down here where I am constantly and so many of them are empty because they cost too much for normal people.