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dontich t1_j1pfasz wrote

Reply to comment by tails99 in [OC] State by State Housing Price Growth since 1975 by fred_fotch

I mean there is only a certain amount of in demand land in locations people want to live— even if you allow unlimited density the most popular land would still increase in value…. But yes the actual housing built on said land should depreciate.

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tails99 t1_j1r3jja wrote

Yes, exactly. People don't live on limited LAND, people live in HOUSING. Land is limited vertically, like a rare physical Picasso painting, but housing is unlimited vertically, just like looking at a digital Picasso is unlimited.

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