this is important in a functioning society, house prices trend flat/downward over time (inflation-adjusted), so that each new generation can buy a house for about the same amount direct corollary of "property values keep increasing" is "kids can't buy houses"https://twitter.com/obversers/status/1275217235653595136 …
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sure, but "land" is not what people are buying when they buy housing they're looking for land with good dwellings built on them near desirable economic/social clusters and that can be created (from land without those things)
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If you're buying into a connected network so your kids have a smooth transition into the elite starting in childhood that's always going to carry a heavy price tag in one currency or another. It's competitive to get your sons into that society.
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