Sunday, November 6, 2011

Smaller is more beautiful, and cheaper

Reading the article "Smaller is more beautiful" that Dr. McKinney sent us this week, I was shocked to read about people buying property for as little of $50. We've talked a lot about Habitat and land banks and how their organizations work to deal with diminishing demand for housing and increasing abandonment rates. Still, we haven't talked much about people taking the initiative as private individuals to fix the problems themselves. I never would have considered that people could buy land for so little, but now see how great of an idea it is. If people are really willing to take these projects on on their own, this may be the best solution to many of the problems we've discussed in class. People are more dedicated and committed to projects when they take them on by choice and truly make them theirs. This could be a great solution, but are people willing to take the first step?

1 comment:

  1. Wow property for $50, that is insanely cheap. I wonder if people buy this property and flip it (fix it up and sell it for a lot more to make a profit)? Land banks and habitat work towards solving these property issues.

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