All I can think is, “What is the incentive structure in Holland?”https://twitter.com/marklanebiz/status/1064960616824274949 …
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Any type of new construction on greenfield land in Amsterdam requires drainage, which is infeasible for individual private developers so the govt is always involved. Then private developers can only leasehold land from the govt, not gain full ownership outright.pic.twitter.com/DjV4k6d0IC
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That relationship between water, drainage, infrastructure and land ownership goes centuries back.pic.twitter.com/7anQPffIg8
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Britain’s system is incredibly strange...instead of buying land, then buy century-long leasehold rights. https://amp.economist.com/britain/2018/10/18/englands-archaic-leasehold-laws-get-an-overhaul …
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