Re:The $3500 Shirt – A History Lesson in Economics
by Symmetry on Sunday January 25, 2015 @10:51AM
(#8943164)
An even clearer way of looking at this is to compare
1: The price of a plot of land with a house on it
2: The price of an equivalent plot with no house but the right to build a house there.
3: The price of an equivalent plot with not right to build.
In places like SF where housing is expensive 1 and 2 cost within 10% of each other. In places where housing is cheap 2 is closer to 3.
1: The price of a plot of land with a house on it 2: The price of an equivalent plot with no house but the right to build a house there. 3: The price of an equivalent plot with not right to build.
In places like SF where housing is expensive 1 and 2 cost within 10% of each other. In places where housing is cheap 2 is closer to 3.