There are many cases where you just can’t reduce prices enough to make them sell
my higher priced town paid Pennies on the dollar for a complex that used to be a mental hospital and housing for various challenged. No developer was willing to pay anything because of lead and asbestos remediation costs. My town was hoping to get EPA funds and didn’t so is saddled with unusable property that it also can’t afford to clean up
the town I grew up in has been declining for decades. Many houses are well below the cost of cars but still no one willing or able to buy. Last time I checked there seemed to be a floor at $5k but there were multiple habitable houses for $5k, and no buyers
If they’re not worth any money, then the tax burden of sitting on them shouldn’t be high enough to be a problem. But if it is, you can sell them cheap, abandon them to government auction, replat them with neighboring cheap lots do make ag land or a large lot for an industrial or multifamily development, or more.
“I can’t make a bunch of money selling or renting this lot” is not an excuse to just sit on land waiting for the value to go up.
Pricing of homes in food deserts has pretty much zero impact on the housing that could actually help low-income individuals.
The housing situation and relative benefits (and lack therof) to house residents in rural areas is just fundamentally distinct from the urban situation.
That means they aren’t worth 100k. Forcing people to sell them for their actual value will lower real estate prices nationwide.
There are many cases where you just can’t reduce prices enough to make them sell
If they’re not worth any money, then the tax burden of sitting on them shouldn’t be high enough to be a problem. But if it is, you can sell them cheap, abandon them to government auction, replat them with neighboring cheap lots do make ag land or a large lot for an industrial or multifamily development, or more.
“I can’t make a bunch of money selling or renting this lot” is not an excuse to just sit on land waiting for the value to go up.
Pricing of homes in food deserts has pretty much zero impact on the housing that could actually help low-income individuals.
The housing situation and relative benefits (and lack therof) to house residents in rural areas is just fundamentally distinct from the urban situation.