3 ms·
Land by value is a much more interesting question, than by acreage. Urban cores can be worth hundreds of thousands of times more, for the same amount of area.
by nwah1 9y ago
Land by value is a much more interesting question, than by acreage. Urban cores can be worth hundreds of thousands of times more, for the same amount of area.
- Retric 9y ago100,000 * farmland at ~5+k per acre is over 1/2 billion per acre which seems off for just land without buildings.
- colanderman 9y agoThere is a 1 acre condemned two-story garage adjacent to the skyscraper in which I work in downtown Boston. The land it sits on is valued by the assessor at $32 million. I would not be surprised to see an acre in say NYC or Tokyo go for 10× that figure.
- deleted 9y ago[deleted]