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> Land is worth money because of improvements or detrimental choices It's worth money because of what's around the land. Otherwise identical houses in differen
by triceratops 1y ago
> Land is worth money because of improvements or detrimental choices
It's worth money because of what's around the land. Otherwise identical houses in different locations would sell for the same price.
- Spooky23 1y agoOnly in LVT fantasy land. Improvements represent applications of labor and capital that produce value.
- triceratops 1y ago"Location, location, location" is "LVT fantasy land"? That's practically the first rule of real estate. Is a 1 acre empty lot in Palo Alto worth the same as a 1 acre empty lot in Mobile, Alabama? No improvements on either one so they should go for the same price, right?
- Spooky23 1y agoWhy isn’t it? That land wasn’t valuable when it was orange groves. The improvements make the place.