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I like the elegance of that ideal, but a lot of things make me wonder how well it holds up in practice. For intense, why is buying property in Europe so expens
by dasil003 13y ago
I like the elegance of that ideal, but a lot of things make me wonder how well it holds up in practice. For intense, why is buying property in Europe so expensive relative to the US, but renting is not?
- maxerickson 13y agoI don't think it explains everything, but population density tends to drive land prices up and government regulation tends to hold rent down. There's also a lot more of what you might call undeveloped land in the U.S., where large pieces of land are privately owned and carry little in the way of building restrictions (and maybe in addition the land is not very productive for forestry or agriculture).