Earlier quoted context omitted.
A couple billion dollars divided by the number of houses in LA... actually wouldn't add that much value to the housing prices. After all, the total assessed value of real estate in the county is about $1.7 trillion.
As best I can figure, America's land alone is worth somewhere between $22-44 trillion, and that's not including any of the buildings. (Manhattan's land alone is worth about $1.7 trillion according to my sources) https://astralcodexten.substack.com/p/does-georgism-work-is-... So one multibillion dollar thumb drive is even less when spread out over everything in LA!
Manhattan's land would not be worth 1.7T$ if it were just farmland.
https://www.bloomberg.com/news/articles/2018-04-24/manhattan...