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by rcpt 2230 days ago
Or land value goes up because of the money printer
1 comments
amiga_500 2230 days ago
It won't in real terms, unless the USA establishment really have lost their minds. Output is going to be down for a significant time, that feeds into land prices. Add in WFH from anywhere, and the next leg is down.
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rcpt 2230 days ago
> in real terms

The amount of land stays fixed while the amount of money changes. Other products can change their supply but land stays fixed.

It's reasonable to believe that land will become relatively more expensive imo. Looks like it's not a guarantee though https://www.caracaschronicles.com/2018/05/03/once-the-safest...

fwiw I hope land prices plummet here they are already insane https://wolfstreet.com/2019/07/12/changes-in-house-prices-re...

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amiga_500 2230 days ago
Real terms refers to the price vs wages.
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