4 ms·
You try to separate the price from the benefits of the neighborhood, but I think it's the same thing, home price reflect the inherent value of the good and of i
by bdauvergne 7y ago
You try to separate the price from the benefits of the neighborhood, but I think it's the same thing, home price reflect the inherent value of the good and of its environment. The question is : does the environment of the house belong to the homeowner or not ? This question is reflected in Ricardo's point of view on rent ; for Ricardo it should not, and the price of the naked land value should be heavily taxed, only the utility value should be yours.