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Metropolitan DC Local Politics
Reply to "What’s happening with the old White Flint mall development?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]The site isn’t commercially viable right now. The fact that it isn’t commercially viable tells you everything that you need to know about Montgomery County’s economy. [/quote] Alternative explanation: the property owners are sitting on it, waiting for ... something. [/quote] If the site were commercially viable now they wouldn’t be sitting and waiting. They would be building and making money. [/quote] Nonsense. Why should they build now and make money, when they can wait for (something) and make huge money? As the PP says, it's common for property owners to do this. It's called land speculation. No doubt some of the owners of those shopping centers y'all keep saying WHY DON'T THEY BUILD HOUSING ON THOSE SHOPPING CENTERS INSTEAD OF IN MY NEIGHBORHOOD about are also speculating. If you want to discourage speculation, tell your state legislators to institute a land value tax.[/quote]
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