alt Hacker NewsI first thought this was a joke. E.g.
> in economic terms, a parking lot doesn’t simply fail to add value; it actively subtracts value. Every year it sits idle
Idle. Cars park on it, right?
But no, it is sincere.
I first thought this was a joke. E.g.
> in economic terms, a parking lot doesn’t simply fail to add value; it actively subtracts value. Every year it sits idle
Idle. Cars park on it, right?
But no, it is sincere.
He means that if you built something more useful on the land, it would increase that lands value but also the value of the land around it.