2 ms·
Land buildings are on tends to become extremely valuable due to all the surrounding businesses that emerge due to a high density of people. If you look at land
by TimPC 4y ago
Land buildings are on tends to become extremely valuable due to all the surrounding businesses that emerge due to a high density of people. If you look at land value maps of cities you get very noticeable spikes in cities.
I’ve seen land as cheap as $489 an acre and land as expensive as $6,000,000 for a half-lot. Even assuming $12,000 an acre in the countryside in California which can be found now on the internet, it’s quite believable that 10 square feet of land beneath a skyscraper is going to be worth more than $24,000. That 10 square feet is an underestimate as well because the unit will be responsible for more than 1/60th of its floor plan.