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There will be corrections, local crashes, but global crash is very unlikely. Land is one of the few resources that's 100% constrained in the world - we can have
by justapassenger 7y ago
There will be corrections, local crashes, but global crash is very unlikely. Land is one of the few resources that's 100% constrained in the world - we can have renewable energy, plant trees, produce drinking water, etc. But land - nope (except for very small areas of artificial islands/peninsulas, but that's insanely expensive, and also - limited). At the same time - world population is still growing, and people are being lifted out of poverty results in more of them moving to the urban areas, and increasing demand for the land there.
In high cost areas most of the value is in the land, not the house.
- Consultant32452 7y agoI don't know what it's like in other countries, but in the US the federal government owns 27% of the land. I wonder what it would take for the population to demand the government divest.
- onlyrealcuzzo 7y agoMost of that land is mountains and swamps and desserts and national parks.
- redisman 7y agoFrom a quick search, 75% of the US population lives on 3% of the US landmass so we're pretty far off.
- pascalxus 7y agobut it doesn't have to be that way. We're using up barely like 2 or 3 percent of the land in the US. We can simply build more cities and there will be more than enough land for everyone. by artificially keeping people penned into a limited area of land like a bunch of chickens in a crowded chicken pen coupe, we're only hurting ourselves. The key is: 1) companies first (with tax incentives they'll do or move anywhere). 2) jobs next 3) Where jobs go, people follow.