Does Georgism work? Is land a big deal?

Re:Does Georgism work? Is land a big deal? by DarylZero on Thursday December 09, 2021 @10:14AM (#29498219)

Buildings are demolished in Manhattan on a regular basis, granted not that often. There are real sales of empty plots.

Also if you know a building would cost $X to replace, but the plot with it sells for $X+$Y, you have some real information, not just guesses!

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Re:Does Georgism work? Is land a big deal? by bradleyjg on Thursday December 09, 2021 @12:01PM (#29499875)

How much would it cost to replace the Empire State Building?

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Re:Does Georgism work? Is land a big deal? by DarylZero on Thursday December 09, 2021 @01:47PM (#29501285)

I don't know. I do know that 99 Church Street sold for $170 million, and was demolished, so that that figure is the land price (before adding back the cost of demolition).

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