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By that logic an empty plot of land in Manhattan would have no value.
by TheTrotters 6y ago
By that logic an empty plot of land in Manhattan would have no value.
- thescriptkiddie 6y agoIf the owner is legally barred from using it and there is no hope of that changing in the future, then what value would there be?
- TheRealPomax 6y agoYes? That's literally the case: if there is no land tax in Manhattan either, then yes: that land has no value until someone decides to do something with it. But it also shows off how much the idea that "land = value" has been hammered into you. By default, land's just land. It doesn't have value until someone slaps some kind of "land management scheme" on top of it.