just been reading "the subprime solution" by Robert Shiller
He says there is really no shortage of land
Sure land is a fixed resource but it can be used in different ways
"They can build more densely in urban areas."
Here is an interesting site on a two story home designed to fit on a smaller bloke of land
http://www.smartersmallhome.com.au/
You don't have to build homes using cement and timber. You can use things like tyres
Anyway these new smart homes use cheaper recycled materials developed by James Hardie.
total cost for a two storey three bedroom home... $160,000
The cost of land is anybody's guess.
However Shiller says there is no reason to pay high prices for land.
He says "And there is a great deal of land to expand to. According to the US Census for the year 2000, urban land area accounts for 2.6% of the total land area in the United States." p73
In Australia the percentage of urban land would be a lot less, I'd say maybe less than .005%
With the internet and the potential not to have live close to work, why wouldn't you live else where.
Makes you wonder if there is a bubble here or not doesn't it?
- Forums
- Property
- there is no shortage of land
just been reading "the subprime solution" by Robert ShillerHe...
-
- There are more pages in this discussion • 10 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Featured News
The Watchlist
CC9
CHARIOT CORPORATION LTD
MD - Shanthar Pathmanathan, Geologist - David Trabert
MD - Shanthar Pathmanathan
Geologist - David Trabert
SPONSORED BY The Market Online