3 ms·
Another way of thinking about it is, if we assume roughly 1M households with an average land price of $100K and the HSR increases that to 1.2M households with a
by shalmanese 8y ago
Another way of thinking about it is, if we assume roughly 1M households with an average land price of $100K and the HSR increases that to 1.2M households with an average land price of $150K, then you've created $80B worth of value from scratch and justified the cost. That doesn't happen via buying everyone a Prius.