The hidden culprit driving America’s apocalypse of boarded-up storefronts is the banks - eviltoast
The hidden culprit driving America’s apocalypse of boarded-up storefronts
www.businessinsider.com
The pandemic kicked off a "doom loop" that has gutted cities and towns across the country. Big banks are making it worse.
  • Hildegarde@lemmy.world
    2·
    1 year ago

    Eminent domain requires the government to compensate the land owner with the “fair market value” for taking their land. As the “fair market value” is so overinflated that no one can afford to rent the space, taking vacant properties through eminent domain is not a solution.