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A comment on Seeing like a state, progress and poverty, and owning land. Parent comment

Re:Seeing like a state, progress and poverty, and owning land by larsiusprime on Saturday August 20, 2022 @01:57AM (#32529531)
And yet real estate is still the world's biggest asset class, amounting to some 68% of all real assets worldwide:

https://www.gameofrent.com/content/is-land-a-big-deal

and the vast majority of that real estate's value is in land

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Re:Seeing like a state, progress and poverty, and owning land by thaumasiotes on Saturday August 20, 2022 @05:19AM (#32530632)
> and the vast majority of that real estate's value is in land

Is that true? Most of the value derives from the location - if you doubled the floor space over the land, the value of the land+improvements would double. The land isn't contributing value.

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Re:Seeing like a state, progress and poverty, and owning land by TimPC on Saturday August 20, 2022 @07:30AM (#32531189)
land value is mostly location value. Land value captures all improvements that aren't on the property itself.
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