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[Hank Chinaski]

Originally posted by ltl/fb
Well, in the particular case here, they were building a whole complex, not just individual houses. I'm not sure how much is housing, but the one thing I can think of is that so many "desirable" housing developments now are desirable partly because of restrictive mutual covenants, which are hard to do if you are buying up piecemeal.

ETA "adjacent to and complementing a brand new $300 million research facility for the pharmaceutical giant, Pfizer, there would be condos, health clubs, a luxury hotel, shops, and other assorted mega-stuff. Most of the folks in town agreed to sell, but seven families, owning 15 homes, refused. They like their crumbly Victorians. So when the state tried to condemn their property, they sought injunctions."

I think it's interesting that 7 "families" own FIFTEEN houses [whoops, of course I mean homes] -- I'm thinking, some of these "families" are actually people who own rental property and are really just looking for more money.

mmmmm piecemeal