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And yet real estate is still the world's biggest asset class, amounting to some 68% of all real assets worldwide: https://www.gameofrent.com/content/is-land-a

• thaumasiotes 4y ago
  > and the vast majority of that real estate's value is in land Is that true? Most of the value derives from the location - if you doubled the floor space over the land, the value of the land+improvements would double. The land isn't contributing value.
  • TimPC 4y ago
    land value is mostly location value. Land value captures all improvements that aren't on the property itself.