If people were free to conduct business enterprise, they'd for sure go to some great uses. But expensive and cumbersome regulation makes perfectly lovely business enterprise opportunities rot like unpicked fruit. Disgusting.
I live in an area with multi-million dollar "McMansions," and I often walk in the nice gated neighborhoods. Most of them are very custom and lived in, though there's a good amount that look unoccupied, and these places are VAST. I can easily imagine these enormous, ridiculous homes 40 years into the future, sitting empty or run-down. I like to fantasize that a wonderful wild sense of commerce is unleashed because the places have such great potential for all kinds of enterpising things. Bed & Breakfast places, homey pet-sitting services, boarding houses, small personalized rest and care facilities for old folks -- they could be so many great things if the government would STAND ASIDE.
> Most of them are very custom and lived in, though there’s a good amount that look unoccupied, and these places are VAST.<
More likely you will have six Mexican families living in each home and your kids will be paying their utility bills.
I saw it happen in the mid-eighties when there was a credit crunching downturn in RE.