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Re:Low interest rates in advanced countries have pushed mone... by HPsquared on Wednesday November 24, 2021 @01:55PM (#29333684)
The land value is increased by the nearby development known as "San Francisco".

The same land in the same location, with no development nearby, would be worthless.

Re:Low interest rates in advanced countries have pushed mone... by BirdieNZ on Wednesday November 24, 2021 @06:30PM (#29336457)
This is why it is sometimes referred to as "location value" rather than land value. The dirt is approximately worthless, but the location is worth a lot due to the surroundings (usually, because of human development of the surroundings).

Advocates of a land value tax therefore often call it a location value tax, or a site value tax, because it is the location and the society around the location that has value, not the dirt itself.

Re:Low interest rates in advanced countries have pushed mone... by larsiusprime on Wednesday November 24, 2021 @11:58PM (#29338343)
Yes, that was my point. That is exactly how land appreciation works. The owner of the land gains value from the work of his neighbors, whether he contributes or not.