3 ms·
Land 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.
by asah 7y ago
Land 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.