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Most of the value in the "per square foot suburban Palo Alto" number comes from the land, not the structure. If all those single-family houses were torn down a
by muzz 12y ago
Most of the value in the "per square foot suburban Palo Alto" number comes from the land, not the structure.
If all those single-family houses were torn down and rebuilt as high-density, then surely the price per square foot would be cheaper. Property rights are pesky though.
- ForHackernews 12y ago> Property rights are pesky though. Let developers buy them out. Or theoretically, they could just eminent-domain a bunch of houses.[0] [0]https://en.wikipedia.org/wiki/Kelo_v._City_of_New_London https://en.wikipedia.org/wiki/Kelo_v._City_of_New_London