[larsiusprime]

And yet real estate is still the world's biggest asset class, amounting to some 68% of all real assets worldwide:

https://www.gameofrent.com/content/is-land-a-big-deal

and the vast majority of that real estate's value is in land

[thaumasiotes]

> and the vast majority of that real estate's value is in land

Is that true? Most of the value derives from the location - if you doubled the floor space over the land, the value of the land+improvements would double. The land isn't contributing value.

[TimPC]

land value is mostly location value. Land value captures all improvements that aren't on the property itself.