I love trains but the issue with them is not money, it’s NIMBYs. China can build all the railroads they want because the government can just toss people out of their homes to build the tracks. In the west we can’t do that because of property rights etc.
You can’t though. People have the right to refuse to sell. See the whole saga with trying to get Mr Acker (played by Barry Corbin) to sell his house in Better Call Saul. If you don’t have the legal power to force someone to sell then they can hold out as long as they want.
There’s also the issue of supply and demand. If you’ve got a ton of money and you’re willing to spend above market prices for many different properties you need to buy along a route then the market price will skyrocket as people learn and start to hold out for more and more money. The usual way developers get around this is to quietly acquire the land at market prices without drawing attention to it but that can take years and years because most properties are not up for sale at a given time. Try to make an offer to someone who isn’t actively selling and you risk them going public and exposing your whole scheme.
I love trains but the issue with them is not money, it’s NIMBYs. China can build all the railroads they want because the government can just toss people out of their homes to build the tracks. In the west we can’t do that because of property rights etc.
With enough money you could just tunnel under/bridge over/buy up the densely populated areas
You can’t though. People have the right to refuse to sell. See the whole saga with trying to get Mr Acker (played by Barry Corbin) to sell his house in Better Call Saul. If you don’t have the legal power to force someone to sell then they can hold out as long as they want.
There’s also the issue of supply and demand. If you’ve got a ton of money and you’re willing to spend above market prices for many different properties you need to buy along a route then the market price will skyrocket as people learn and start to hold out for more and more money. The usual way developers get around this is to quietly acquire the land at market prices without drawing attention to it but that can take years and years because most properties are not up for sale at a given time. Try to make an offer to someone who isn’t actively selling and you risk them going public and exposing your whole scheme.