91–93 of 93 posts
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Because land is very easily taken away, so very easy to tax
> Because land is very easily taken away Really? Are you referring to eminent domain? Unless you are going up against a highway, landowners have a ton of protections, in the US anyway.
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Property is intrinsically limited. Property in desirably places is especially intrinsically limited. You’re basically lucky if you own any property at all at this point. Just take a gander and how much property in Hong Kong or Amsterdam costs and you’ll start to think it is cheap in the US. It’s only going to get worse. Do you think that people are going to desire living in Santa Monica or Queen Anne less over the ne…
> Do you think that people are going to desire living in Santa Monica or Queen Anne less over the next few hundred years? Milwaukee and Detroit were pretty desirable not that long ago. Cuba was quite nice 80+ years ago. Hong Kong was desirable globally just 10 years ago. What is “desirable” changes from many other factors so property investments absolutely aren’t a given. Land in the middle of nowhere barely beats in…
Earlier quoted context omitted.
Property is intrinsically limited. Property in desirably places is especially intrinsically limited. You’re basically lucky if you own any property at all at this point. Just take a gander and how much property in Hong Kong or Amsterdam costs and you’ll start to think it is cheap in the US. It’s only going to get worse. Do you think that people are going to desire living in Santa Monica or Queen Anne less over the ne…
Except why is no one asking the question why so few places are desirable and doing something to alleviate it.