It seems to me those who came first, benefited the most. At the cost of everyone who follows. (if you think longer term). Eg; open land, develop it, live a grand life from the large profits. Subsequent years will have the property market determine the financial benefits from those who come and go. But then eventually, the natural loss starts to become a problem. And then everyone suffers. Everyone who is still around. This is just another kind of debt, just like "kicking the can down the road" wrt finance/national debt/money printing is.
Not only can those much further into the future not "benefit" (financially) from the ability to "cheaply" obtain undeveloped land, but they also sit with the problems due to the natural resources having been depleted (development of land does not only negatively affect tree...)
The whole concept of land ownership as it is, imho , is a problem.
It seems to me those who came first, benefited the most. At the cost of everyone who follows. (if you think longer term). Eg; open land, develop it, live a grand life from the large profits. Subsequent years will have the property market determine the financial benefits from those who come and go. But then eventually, the natural loss starts to become a problem. And then everyone suffers. Everyone who is still around. This is just another kind of debt, just like "kicking the can down the road" wrt finance/national debt/money printing is.
Not only can those much further into the future not "benefit" (financially) from the ability to "cheaply" obtain undeveloped land, but they also sit with the problems due to the natural resources having been depleted (development of land does not only negatively affect tree...)
The whole concept of land ownership as it is, imho , is a problem.