RE: The Trainwreck That is Real Estate in the USA!
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Very far from our reality here. It reminds me of a time when a family put up a structure overnight near our house, almost for "free." Though that's an urban poor area, at least they found a house to stay. What's interesting is that they are able to sell to two more families the extra space that they occupied.
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Not something we see much, here.
The municipalities even make it very difficult to create affordable places to live, by setting up all kinds of laws to prohibit dwellings below a certain size, and even factory manufactured sheds and buildings have to meet strict building codes... so they end up no longer being inexpensive.
We cannot help but wonder now why those regulations were made in the first place. Of course, regulators will not run out of "worthy" reasons to create rules for building houses and factories. They say it's for public safety and health, efficient use of the land, maintaining property values, and others. However, I cannot help but think that such laws were made to maximize tax collection in the first place. The free country, indeed!
Nothing very "free" about it!
It figures, though... property taxes here are heinous.
That's why. I don't know how these regulators reconcile freedom and high taxation. It's more honest to replace it with financial tyranny.