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By beesplease (registered) | Posted March 24, 2010 at 20:59:25
A neat idea indeed. They'd have to be pretty sure the property value was going to increase enough just to cover the cost of the money itself. Another idea - would it be possible to restrict further acquisitions by individuals sitting on 'problem properties' beyond a certain time window? Or what about after a given amount of time lapses, that would trigger some kind of functional easement so others could put a space to good use, even if the owner won't?
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