New Jersey's answer to flooding: buy out and demolish 1200 properties

2 pointsposted 7 hours ago
by throw0101a

1 Comments

anovikov

6 hours ago

But this is like stock buybacks right? Reduces supply -> prices go up. Maybe that's the whole point of doing it. NIMBY votes squeezed through a palatably sounding way to funnel taxpayer dollars straight into their pockets.