2 ms·
I've long maintained to those defending high real estate-dirt pricing to show me how such pricing creates a smartphone industry, cancer treatments, disease lab
by yourapostasy 6y ago
I've long maintained to those defending high real estate-dirt pricing to show me how such pricing creates a smartphone industry, cancer treatments, disease lab tests, and more currently, mRNA vaccines, versus letting 100,000 smart people coalesce into the same physical proximity without worrying about shelter costs (in the US, they would also have to not worry about medical bankruptcy). In an age where economic advantage accrues to those with the greatest cognitive capacity to throw around, instead of land, the first nation to commoditize the complement of the cost of land and the utilities underneath it, and shift all that trapped capital into developing many vibrant, dense Shenzen-like communities, will vault over the other nations.
I don't have a dog in that hunt. I have my land on a somewhat sane cost basis. My interest is academic.