3 ms·
That's not how prices are set on a finite good: https://m.youtube.com/watch?v=gD_dZvPwAj0 https://m.youtube.com/watch?v=gD_dZvPwAj0
by amiga_500 7y ago
That's not how prices are set on a finite good:
https://m.youtube.com/watch?v=gD_dZvPwAj0 https://m.youtube.com/watch?v=gD_dZvPwAj0
- asah 7y agoLand is finite but for all practical purposes, housing is not. Even in NYC, there's plenty of room to build up and that's exactly what's happening.
- collyw 7y agoIn most places there are a lot of restriction on building houses, so i would argue that housing is more finite than land. If you have planning permission in the UK, your land will be worth a lot more than land without.
- amiga_500 7y agoLand value tax taxes the unimproved value of land. If you build a 5 storey house on it you pay the same amount as the guy next door who has an asphalt car park.