Thus, developers will pay premium prices in order to tear down the existing buildings so they can build whatever they think will sell at a fat margin.

And who would developers buy those properties from?

*****historical context*****

Somewhere along the line, I read that, in the late 30s, some 25% of the German federal budget was paid with the property the government had seized from people it had deported, or tossed in a camp.

In announcing the takeover of DC, Trump was talking about clearing out the criminals and illegals, and cleaning out the places they live.

And we're getting rid of the slums, too. We have slums here, we're getting rid of them. I know it's not politically correct. You'll say, "Oh, so terrible." No, we're getting rid of the slums where they live.

https://www.rev.com/transcripts/trump-details-crim...

I would not be surprised if any protest by a landlord or mortgage holder about their property being seized would be met with "you aided and abetted an illegal/criminal. want to be prosecuted for that?" So, the government would be the seller, and, if it wished, setting conditions on what would be built on the property.

Steve

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