Its variance is though. It is all owned, and controlled. If there was a new land... | Hacker News

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adammarples on June 12, 2024 | parent | context | favorite | on: The Rate of Return on Everything, 1870–2015 (2019)

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 on June 12, 2024 [–]

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

adammarples on June 14, 2024 | [–]

Not true, because millions of people would migrate away

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