3 ms·
The cost of housing is only closely coupled to the cost of land to the extent you haven’t the technology to fit more units on the same lot. The value of land sh
by shuckles 6y ago
The cost of housing is only closely coupled to the cost of land to the extent you haven’t the technology to fit more units on the same lot. The value of land should continue increasing indefinitely as it’s a function of local amenity. Who benefits from the value of land is a deep question.
- Talanes 6y agoOr the political capital to get the zoning change approved to build more lots.
- lotsofpulp 6y ago> The value of land should continue increasing indefinitely as it’s a function of local amenity. Decrease in buying population and/or decrease in incomes of the buying population would result in lower prices.
- shuckles 6y agoHigh local incomes are an amenity included in the price of land.