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by bdauvergne 2340 days ago
You try to separate the price from the benefits of the neighborhood, but I think it's the same thing, home price reflect the inherent value of the good and of its environment. The question is : does the environment of the house belong to the homeowner or not ? This question is reflected in Ricardo's point of view on rent ; for Ricardo it should not, and the price of the naked land value should be heavily taxed, only the utility value should be yours.