4 ms·
How's it different? For once there's more friction in buying land. There's more paperwork involved, there are zoning rules, and so on. More importantly you can'
by pbz 14y ago
How's it different? For once there's more friction in buying land. There's more paperwork involved, there are zoning rules, and so on. More importantly you can't buy a piece of land for $10 and sell it for $50K a few years down the road. And just because there are similarities it doesn't make it right. In some countries you cannot own land at all, would you use that as an argument?
- untog 14y agoAll those points just seem to be issues of scale, though. IS the principle any different? More importantly you can't buy a piece of land for $10 and sell it for $50K a few years down the road. You absolutely can. Perhaps "a few years" needs to be redefined to a decade or more, but land speculation is absolutely possible and done a lot.