There is definitely some (currently poorly explored and undefined as far as my efforts to locate scholarly research went) Tsiolkovsky rocket equation-like [1] e

There is definitely some (currently poorly explored and undefined as far as my efforts to locate scholarly research went) Tsiolkovsky rocket equation-like [1] effect going on with land pricing on a PPP basis. I, too, have been stymied by the "just so" pat answers economics gives to the questions you raised, and the entire field ducks reflexivity and quantification issues, even when modern Internet-driven tools and data are available to start empirically addressing the questions with potentially trillions of data points each week to mine. [1] https://en.wikipedia.org/wiki/Tsiolkovsky_rocket_equation https://en.wikipedia.org/wiki/Tsiolkovsky_rocket_equation