Re:How Much Land Does a Man Need? (1886)
by lmm on Sunday January 05, 2020 @11:49PM
(#21966522)
> This is the problem -- who determines how much these things are worth?
There should be a much more active market in land (land would change hands much more frequently because it doesn't make sense to hold as an investment), which then makes it easy to assess land value.
> And if you risk other people pricing you out of property you currently hold a lease for (especially because they think the value is going up because of your investments in it) I can't imagine that would encourage any development at all.
You're discouraged from building more than you need on land you can barely afford, and in an area that's rapidly changing you're encouraged to build things that you can either easily move, or sell on to future buyer of the land. The intent isn't to encourage development for development's sake, and the result might be less development in areas that are rapidly changing.
There should be a much more active market in land (land would change hands much more frequently because it doesn't make sense to hold as an investment), which then makes it easy to assess land value.
> And if you risk other people pricing you out of property you currently hold a lease for (especially because they think the value is going up because of your investments in it) I can't imagine that would encourage any development at all.
You're discouraged from building more than you need on land you can barely afford, and in an area that's rapidly changing you're encouraged to build things that you can either easily move, or sell on to future buyer of the land. The intent isn't to encourage development for development's sake, and the result might be less development in areas that are rapidly changing.