How housing became the world’s biggest asset class

Re:How housing became the world’s biggest asset class by asah on Thursday January 23, 2020 @06:56AM (#22126813)

Land is finite but for all practical purposes, housing is not. Even in NYC, there's plenty of room to build up and that's exactly what's happening.

[ Parent | on HN ]

Re:How housing became the world’s biggest asset class by collyw on Thursday January 23, 2020 @09:11AM (#22127626)

In most places there are a lot of restriction on building houses, so i would argue that housing is more finite than land. If you have planning permission in the UK, your land will be worth a lot more than land without.

[ Parent | on HN ]

Re:How housing became the world’s biggest asset class by amiga_500 on Thursday January 23, 2020 @10:10PM (#22135062)

Land value tax taxes the unimproved value of land.

If you build a 5 storey house on it you pay the same amount as the guy next door who has an asphalt car park.

[ Parent | on HN ]