Comment Comment by larsiusprime Not all space is the same, nobody wants to live in Gerlach, Nevada because there's nobody there and also because it's the middle of the desert, which in turn is why there's nobody there:https://web.archive.org/web/20210809032137/https://landequit...Land in Gerlach goes for $0.0054/sqftLand in the heart of San Fran can go for $865.21/sqftThat's 159,000 times more expensive.The increase comes from the fact that some land is more naturally productive than others, and also because of agglomeration effects: https://en.wikipedia.org/wiki/Economies_of_agglomeration#:~:.... parent larsiusprime 5 years ago
https://web.archive.org/web/20210809032137/https://landequit...
Land in Gerlach goes for $0.0054/sqft
Land in the heart of San Fran can go for $865.21/sqft
That's 159,000 times more expensive.
The increase comes from the fact that some land is more naturally productive than others, and also because of agglomeration effects: https://en.wikipedia.org/wiki/Economies_of_agglomeration#:~:....