3 ms·
Where to start… 1) Abandoned cities are extremely rare throughout all of history. Most medium to large cities outlive the countries in which they were founded.
by ethanbond 3y ago
Where to start…
1) Abandoned cities are extremely rare throughout all of history. Most medium to large cities outlive the countries in which they were founded.
2) Even if this were the case, it doesn’t actually disprove the claim. All that’s evidence of is that occasionally, some forces can overcome positive pressure on prices. Yes systemic failure can sometimes (very rarely) knock a city out of existence, but this is very obviously extremely rare. Even Detroit is dramatically more expensive than it has ever been. The price of an acre in Wyoming is higher than it’s ever been.
3) That’s still assuming that abandonment is a definite sign of falling land prices, which isn’t true at all. Vacancy results from the inability to produce more value on the land than the land costs. Sometimes this is because the prices rise and sometimes because the cost of production rises, but never because the price of land went down: that would just mean more profit which means more reason to stay.
- mistrial9 3y agook - casual terms got the negative response.. so we define "common" .. You have legitimate points yes... but I can tell you that California has some of the most expensive real estate anywhere, and there are abandoned towns here.. abandoned rail stations, old homes.. all of that.. you can say "oh this statement is not supported" with rebuttal, but the rebuttal has "stock market goes up" built in.. this is not true over long periods of time generally due to war or other disaster. more profit - more reason to stay.. Somehow we are not acknowledging Walmart here. In the USA, small towns functioned on having stores and other services.. sixty years later.. whole towns are dying due to a nearby Walmart, where people drive an hour+ to shop. neither my statement or the rebuttal has all the relevant parts.. under construction. dynamic systems