> unlike land, it's entirely possible for demand to plummet all the way to zero. Not really the point, but land can clearly go to zero [0] (and below). Just as

> unlike land, it's entirely possible for demand to plummet all the way to zero. Not really the point, but land can clearly go to zero [0] (and below). Just ask St. Louis or its peer cities how well their giant land banks are working out. [0] "Zero" here means the land is worth less than whatever amount justifies the obligations that come with owning it (e.g. taxes, maintenance, etc).