I think we have a different set of royals to thank for the patterns of land ownership that exist around you and me. #generalvallejo #juniperoserra
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That's why it was so easy to develop large suburban tracts in the 1950s and 1960s, because the old land patterns were Spanish and much more consolidated.
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Funny. In latam some claim the Anglo-model for land distribution worked in the colonies while the spanish model made their Econs flop after decolonization. Truth is iirc both models were pretty similar and big owners did their thing
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Probably took longer to ossify into the current structure. Land holdings were initially *less* concentrated from my understanding than the Spanish model.
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we need a contact with whatever the Danish version of McKinsey is
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This has been the case since the Norman Conquest. It's the unofficial anthem of the Lib Dems https://en.wikipedia.org/wiki/The_Land_(song) …
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It is interesting to think about what would happen if all land was leased. Transferable 100yr, 50yr, 25yr leases etc could accommodate larger projects that have high capex, w/o enabling multi-generational feudal empires sitting on under-utilized assets. But corruption’d be nuts.
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This is why Prop 13 benefiting “homeowners” and “seniors” is a giant crock; it’s really there to help the John Arrilagas of the world.
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