Re:Detroit wants to be the first big American city to tax la...
by HDThoreaun on Tuesday October 17, 2023 @10:40AM
(#37915856)
The thing about land is that there are a million reasons why one lot might be worth a different amount than one next door. A single lot selling in a neighborhood tells you little about the rest of the land prices in the area because of that. Maybe that lot is on a hill or next to a busy street or everyone knows the neighbor is a giant asshole. All these things change the price on a micro level and are impossible to disentangle.
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