3 ms·
HSR in America is a victim of American oligarchy's obsession with de-taxing land. Same reason why a 2 bed in SF is so absurdly priced. Higher taxes on land wi
by pydry 4y ago
HSR in America is a victim of American oligarchy's obsession with de-taxing land.
Same reason why a 2 bed in SF is so absurdly priced.
Higher taxes on land will reduce its value - making land purchases cheaper. This will bring American HSR costs more in line with China's.
China also reduces land acquisition costs by building a lot of elevated HSR and reduces overall HSR costs through economies of scale - something that doesnt work when you limit HSR to one area.