[llm_trw]

>It seems to defy logic

There are more people than ever and the surface area of the planet hasn't increased.

[thfuran]

The surface area of the planet is pretty much entirely unrelated to the cost of housing.

[adammarples]

Its variance is though. It is all owned, and controlled. If there was a new land rush then new housing would be almost free until the land was all claimed.

[thfuran]

Building a second Australia in the middle of the Pacific would have very little effect on the price of housing in London.

[adammarples]

Not true, because millions of people would migrate away