3 ms·
As best I can figure, America's land alone is worth somewhere between $22-44 trillion, and that's not including any of the buildings. (Manhattan's land alone is
by larsiusprime 5y ago
As best I can figure, America's land alone is worth somewhere between $22-44 trillion, and that's not including any of the buildings. (Manhattan's land alone is worth about $1.7 trillion according to my sources)
https://astralcodexten.substack.com/p/does-georgism-work-is-land-really https://astralcodexten.substack.com/p/does-georgism-work-is-...
So one multibillion dollar thumb drive is even less when spread out over everything in LA!
- robocat 5y agoDoes it even make sense to divorce the price of land from the buildings? Developed farmland also has a different value from virgin land, but the difference is ignored. Manhattan's land would not be worth 1.7T$ if it were just farmland. https://www.bloomberg.com/news/articles/2018-04-24/manhattan-s-land-value-is-an-incredible-1-74-trillion https://www.bloomberg.com/news/articles/2018-04-24/manhattan...
- seoaeu 5y agoOf course you can approximate the price: For each plot of land you consider the value under the counterfactual where any buildings on it weren't there but all the neighborhood surroundings were unchanged. The sum across all the plots in the city is the total land price.
- deepakhj 5y agohttps://www.rethinkeconomics.org/journal/its-the-land-stupid/ https://www.rethinkeconomics.org/journal/its-the-land-stupid...