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I agree that more people want to live on the coasts, but this is not a valid metric, given there is much more inland real-estate than coastal real-estate.
by timthelion 9y ago
I agree that more people want to live on the coasts, but this is not a valid metric, given there is much more inland real-estate than coastal real-estate.
- thriftwy 9y agoWhy isn't it a valid metric for a project that wanted to turn coasts to inland? Isn't it basically the only one? Under this project, several countries would have lost their coasts for good.
- Chris2048 9y agoIt would seem since there is already more supply, increasing inland supply even more won't increase its desirability.. Are you saying coastal property is only desirable because it is rare?
- thriftwy 9y agoIf it's only desirable because it is rare, still the project would destroy all the existing coastal supply making what's left grotesquely overpriced. Also all the people of cities on coasts currently will be virtually expropriated.