2 ms·
I first thought this was a joke. E.g. > in economic terms, a parking lot doesn’t simply fail to add value; it actively subtracts value. Every year it sits idle
by chrisjj 9mo ago
I first thought this was a joke. E.g.
> in economic terms, a parking lot doesn’t simply fail to add value; it actively subtracts value. Every year it sits idle
Idle. Cars park on it, right?
But no, it is sincere.
- danny_codes 9mo agoHe means that if you built something more useful on the land, it would increase that lands value but also the value of the land around it.
- chrisjj 9mo agoThat doesn't mean it subtracts value. Or that it is idle. What you've described is quite different. It is opportunity cost. If that is what he's thinking then he should say it... except such clarity would support scrunity that his conclusions might not withstand.