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> Basing wealth on productive assets instead of unproductive land Land that is used for housing or industry is the opposite of "unproductive". In fact, next to
by perryizgr8 4y ago
> Basing wealth on productive assets instead of unproductive land
Land that is used for housing or industry is the opposite of "unproductive". In fact, next to intellectual property, I would argue that land is the most valuable asset. I feel if it true that land and house values in Japan always depreciate, we must investigate why. It might tell us the root cause behind the country's decline.