3 ms·
No, unless I'm mistaken, it's literally the sum value of all the bare land, not including the value of the buildings. California seems to have a third of value
by lambdasquirrel 11y ago
No, unless I'm mistaken, it's literally the sum value of all the bare land, not including the value of the buildings. California seems to have a third of value in the United States, and the Northeast Corridor has another third, but neither have a third of the population.
(edit: I stand corrected, but it's still notable that property value and density aren't necessarily correlated.)
- maxerickson 11y agoThe source article is complaining about a $100 million condo in NYC that is listed at $6 million, and it pulls the values for the rest of the country from the Census (which tends to track households more than properties), so I think it is just the opposite, it mostly reflects the value of buildings.