What if you took land profit out of the equation ?
- Eminent domain land
- lease to builder for 99 year leases
- tenants not owners
- in 99 years local government has another shot
- Eminent domain land
- lease to builder for 99 year leases
- tenants not owners
- in 99 years local government has another shot
But you will find in most places the 'Crowns' abilities to exercise its ownership rights is fairly neutered and reserved for reasons the layman would refer to as eminent domain.