I have a close friend who had a fully paid off property in Hawaii. It was a 3K square foot home right on the beach that was bought in the 80's and paid off throughout the years. The family retired and saw the prices of property in the area sky rocket over the years. The value of the home went up to 4M.
That said, this family had no means to cover the property taxes as everything in the area went up 10,000%. They were locals and hated the fact that all the silicon valley people were buying up all the land on the island in what they considered an invasion. They tried to fight the state on the property values and property taxes which they could no longer afford to pay. End result is they lost and unfortunately the Government seized their property before they could sell it.
It should be no surprise to anyone that news is now saying that the Government is going to land grab all of the displaced property on Hawaii. They have been doing it for awhile now. The sad news is that there is going to be no one left on these islands whom can afford to live there and work the jobs that keep that economy alive. Bye bye islands... and to fuckers like Zucherberg - good luck with owning half an island when there is no one on the other half who can afford to maintain it.
They're using crime and drugs to do this in other cities. If a real estate group cannot afford upkeep with insurance rates skyrocketing and lack of tenants, they turn the keys over to the lender who will sell it to someone like BlackRock. If a homeowner cannot afford to pay the property tax on an overstated value of a home, they're forced out of the neighborhood. It really sucks, but unfortunately without proof of a conspiracy to defraud the citizens- what can you do? In apartment complexes, the way to keep tenants is to rent to illegal immigrants, which many are doing. They operate as baby factories and each single family dwelling stores 3-4 last names.
TL;DR: Land grabs are happening all over the US leveraging local opportunities, depending on political infrastructure.
This is part of how they will turn those places into smart cities. Once they have driven the middle class out, they will fire sale what once was prime expensive real estate on the cheap. Many of the areas are in economic development zones and will be built on the tax payer dime. Once they have built the digital prisons, the flow will be reversed. The homeless, criminals, and drug addicted, will probably be disappeared since they serve no further purpose. Eminent domain, property taxes, environmental condemnation, changed zoning, etc, will be used to displace property owners to force them into the prison zones. The mechanisms are already in place. Very few were paying attention when their counties and cities made the changes to get onboard with Agenda 21 sustainable development.
This is coming fast and furious folks and in many ways we are on the back foot. It will be hard for individuals to fight back on their own against this machine. The fog of war has everyone pulled in different directions and not knowing what the priorities are because there are so many fronts of assault. Keeping our homes is a top priority and the game is already rigged against us. Smarter people than me need to come up with some strategies to fight this and we need to do it soon. What they have done to Lahaina is chilling.