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62 sats \ 2 replies \ @Undisciplined 7h \ on: What Is The Bull Case for Land? econ
I know Mark Moss argues for real estate being undervalued, but I don't recall exactly what his argument is: something about how it usually trends with global liquidity.
I agree with you. There's a lot of artificial scarcity in this market, which makes me uncomfortable. Governments will absolutely dump their land holdings onto the market if they get desperate for revenue. In America, the states also own lots of land, btw.
There are probably better arguments to be made about particular areas or properties being undervalued than the entire asset class.
Yeah, I agree there are likely pockets of land in certain areas that might make for compelling investments... but I don't have a good idea of where those pockets might be or what they might be used for. Any ideas?
To add to all of what I said above, people are also spending way more time at home and on their screens than ever before, so aside from a primary residence (which I don't consider to be an investment), it's really hard for me to see how land retains its value.
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Oh yeah, we agree on that too. With the collapse of commercial real estate, I don't see how real estate prices remain high either.
I don't know how to identify investment real estate. Lots of people get paid to do that and I have no reason to think I have some special insight that they haven't already acted on.
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