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We are so far from exhausting usable land that this argument is ridiculous. There will be more cities. 3rd tier cities will become 1st tier cities (and probably

We are so far from exhausting usable land that this argument is ridiculous. There will be more cities. 3rd tier cities will become 1st tier cities (and probably vice versa). Go invest in a city or town wisely (and don't forget to be lucky!) and you will be rewarded.

epistasis 3y ago
Land is all about location, and what is near it. The idea that you could build out in a field ignores the true value and the true finiteness of land, the geography of agglomerations of skill and people.
- Tiktaalik 3y ago
  Also drive around and you'll find that not all land is created equal. Much of Canada muskeg, tundra, and just awful places to be, which is why no one lives there. British Columbia looks big on a map, turn on the topographic layer and oops it's all mountain. No wonder everyone lives in a handful of tiny valleys. And oops we flooded tons of the valleys for hydro power too, further driving down the actual available prime land one can live on. If no one lives in a place there's usually a good reason.
lotsofpulp 3y ago
Are there any examples of 3rd tier cities becoming 1st tier? The situation seems the opposite, the NYC/SF/LA/London/etc are entrenched.
- djkivi 3y ago
  Dubai wasn't much 30 years ago. https://www.businessinsider.com/dubai-in-1990-is-totally-unrecognizable-2013-12 https://www.businessinsider.com/dubai-in-1990-is-totally-unr...
  - lotsofpulp 3y ago
    Sorry, I meant 1st tier cities becoming 3rd tier.
    - jjav 3y ago
      Detroit
  - lawkwok 3y ago
    Isn’t it really expensive to live there? Also, while Dubai is flashy, I wouldn’t really consider it a first tier city in terms of actual living. The urban planning is not human scale at all and they just defaulted to highways and skyscrapers.
  - harambae 3y ago
    Or Shenzhen. But I think he means western examples. San Diego maybe?
gassiss 3y ago
and that's the main issue with Canada, there's not enough houses being built. And no interest in doing so, apparently
- theironhammer 3y ago
  40% of Federal MPs are landlords. Haven't got figures for Provincial MPs or Municipal representatives but I'll wager a substantial amount are landlords too.

epistasis 3y ago

Land is all about location, and what is near it. The idea that you could build out in a field ignores the true value and the true finiteness of land, the geography of agglomerations of skill and people.

Tiktaalik 3y ago
Also drive around and you'll find that not all land is created equal. Much of Canada muskeg, tundra, and just awful places to be, which is why no one lives there. British Columbia looks big on a map, turn on the topographic layer and oops it's all mountain. No wonder everyone lives in a handful of tiny valleys. And oops we flooded tons of the valleys for hydro power too, further driving down the actual available prime land one can live on. If no one lives in a place there's usually a good reason.

lotsofpulp 3y ago

Are there any examples of 3rd tier cities becoming 1st tier? The situation seems the opposite, the NYC/SF/LA/London/etc are entrenched.

djkivi 3y ago
Dubai wasn't much 30 years ago. https://www.businessinsider.com/dubai-in-1990-is-totally-unrecognizable-2013-12 https://www.businessinsider.com/dubai-in-1990-is-totally-unr...
- lotsofpulp 3y ago
  Sorry, I meant 1st tier cities becoming 3rd tier.
  - jjav 3y ago
    Detroit
- lawkwok 3y ago
  Isn’t it really expensive to live there? Also, while Dubai is flashy, I wouldn’t really consider it a first tier city in terms of actual living. The urban planning is not human scale at all and they just defaulted to highways and skyscrapers.
- harambae 3y ago
  Or Shenzhen. But I think he means western examples. San Diego maybe?

gassiss 3y ago

and that's the main issue with Canada, there's not enough houses being built. And no interest in doing so, apparently

theironhammer 3y ago
40% of Federal MPs are landlords. Haven't got figures for Provincial MPs or Municipal representatives but I'll wager a substantial amount are landlords too.