3 ms·
the land would be expensive still in high demand areas. the purchase price has everything to do with the land and nothing to do with the house itself
by bobthepanda 3y ago
the land would be expensive still in high demand areas. the purchase price has everything to do with the land and nothing to do with the house itself
- tshaddox 3y agoI bet the land would be less expensive if more of the surrounding land contained higher-density housing.
- fragmede 3y agowouldn't that make it more expensive?
- beaeglebeachh 3y agoCounterintuitively, no. People by and large are buying a token for a build site. Look at any zoning area for SFH and a massive portion buy the least acreage they have to. By creating far more tokens the price spirals down, even though utility rises. The utility of land actually has a pretty weak link to its price. Take at the extreme of housing fitting into a pinpoint. No one even needs to buy your land even though it now has infinite housing utility -- even though essential it is abundant so it becomes cheap like water.
- beaeglebeachh 3y ago300 sq ft of land and a used RV to park on it might be affordable. People might not like some the implications but it's probably cheaper and more sanitary than the alternative of those people in tents.