By David Earle Last month, I wrote about Vashon and Washington State’s serious housing problem, offering solutions the King County permitting department could put in place to make it easier for lower-income individuals to buy land and construct housing. This month, I return to my point: “Land hoarding is a thing.” For instance, the Reed…
By David Earle Vashon, along with many other established communities in western Washington, has a serious housing problem. Land hoarding is a thing. For instance, the Reed family of Tacoma owns 770,000 acres of land in Washington State. There are many landowners in the United States who own more than 1,000,000 acres. Our property tax code encourages…