Modern housing economists, following in the footsteps of Ed Glaeser, seem to think that the market price of land should be zero. Land only has a positive value because of artificial scarcity generated by zoning laws. I am not making this up. This is exactly the theory
Why does land have a positive value?
Why does land have a positive value?
Why does land have a positive value?
Modern housing economists, following in the footsteps of Ed Glaeser, seem to think that the market price of land should be zero. Land only has a positive value because of artificial scarcity generated by zoning laws. I am not making this up. This is exactly the theory