4 ms·
> to avoid bidding at the monopoly price. Can you expand on this? What's the monopoly of?
by rictic 8y ago
> to avoid bidding at the monopoly price.
Can you expand on this? What's the monopoly of?
- branchless 8y agoNo more land can be manufactured, supply is inelastic. In urban areas you are going to have to bid against everyone else and the highest bidder, who agrees to work for the most years for the land, wins. Rezoning isn't going to fix this IMHO. It might help, but you will reach a limit and then have the same root cause to deal with: rentiers.