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The most highly valued residential land only has high value because of supporting infrastructure and other people. Be it incredible schools, or a high quality
by com2kid 3y ago
The most highly valued residential land only has high value because of supporting infrastructure and other people.
Be it incredible schools, or a high quality of life from density, or proximity to culture, value comes from the things people build around houses, not the houses themselves.
Proof of this is trivial, huge mansions in the middle of nowhere cost less than a studio apartment in a desirable area.