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It becomes obvious as housing density approaches infinity. Why would anyone buy your land for housing if they need one tiny spec to house a billion? This is s
by beaeglebeached 3y ago
It becomes obvious as housing density approaches infinity. Why would anyone buy your land for housing if they need one tiny spec to house a billion? This is simple supply and demand, high density housing lowers land value, as price isn't determined primarily by potential utility .
- rcxdude 3y agoSure, you can always make an obvious argument at an extreme, but then you need to demonstrate that the extreme is relevant (like, the function is monotonic, not very common in economics).
- beaeglebeached 3y ago[dead]