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> In real life you can't accurately assess land value separately from improvements Hmm, is this true? It seems to me like the value of owning that 'space' woul
by TulliusCicero 5y ago
> In real life you can't accurately assess land value separately from improvements
Hmm, is this true? It seems to me like the value of owning that 'space' wouldn't be that hard to evaluate separately from the stuff on it.
When you say improvements here, do you mean improvements to land itself, like removing poison from the soil or reshaping it to be more flat, or 'improvements' meaning properties built on the land?
- runnerup 5y agoGenerally improvements would mean "housing/commercial/industrial structures built on the land". The tricky part is that the land value can change quite a bit year-to-year, and the structures built on it can also both decrease or increase in value.