Has anyone ever attempted to corner the market in a particular suburb? By this I mean gain a controlling interest over a significant proportion of the houses? To take a shares analogy, when you get say 10% of a company you may have enough votes to get onto the board of directors.
I guess there are a couple of parts to my question:
1. What level of % ownership of a suburb would you need to get to exert an influence?
2. If you could corner the market (noting that virtually all historical attempts to corner a market have failed eg Hunts and silver), what could you do? For example, improve your own houses and possibly inspire others to do so, thus triggering a positive wave?
3. Has anyone actually achieved any significant level of ownership in a suburb?
I suppose I am looking at the benefits of focus versus diversification. And I should mention that this is not a theoretical question, it is something I am currently experimenting with.
I guess there are a couple of parts to my question:
1. What level of % ownership of a suburb would you need to get to exert an influence?
2. If you could corner the market (noting that virtually all historical attempts to corner a market have failed eg Hunts and silver), what could you do? For example, improve your own houses and possibly inspire others to do so, thus triggering a positive wave?
3. Has anyone actually achieved any significant level of ownership in a suburb?
I suppose I am looking at the benefits of focus versus diversification. And I should mention that this is not a theoretical question, it is something I am currently experimenting with.
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