[KumaBear]

Then it would be lucrative to buy up land and sit on it to hold a monopoly on the competition. Can’t build or rent what you can’t buy.

[pianopatrick]

I suppose that depends on the way the property tax system works. Paying 1-2% property tax each year on empty land does not seem like a path to riches.

[wyre]

2% property tax is cheap compared to inflation and how quickly property values have been increasing.