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by mathgeek
3723 days ago
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The problem you run into is that housing (the land, really) is both a useful object and a rather solid investment. It's that dual functionality that makes it a different problem from disposable objects (iPhones and cars, as examples). Very few cars or phones are purchased as investments directly (meaning you see the value appreciate). Housing is almost exclusively an investment, both for finances (whether collecting rent or being able to leverage the value down the road) and for the land it sits on. A world where most housing becomes disposable (i.e. it is not directly tied to the land it sits on) would be very different from the one we currently live in. |
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In any case, at least for building straight up, there is scope for improvement even with the land remaining a bottleneck.