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Housing and Georgist Twitter, with a big assist from @mattyglesias, I think I have a good estimate of land value in the U.S.
Drumroll……..the total value of the privately held commercial and residential land is roughly...$35.97 trillion.
Here’s how I got that number. 1/
Drumroll……..the total value of the privately held commercial and residential land is roughly...$35.97 trillion.
Here’s how I got that number. 1/
I looked around for a good estimate of all land value in the United States and couldn’t find one. All the estimates I found seemed unreliable, very dated, or were about all real estate, not just land. Even ChatGPT didn’t give me what I was looking for. 2/
Then I came across this nearly decade old Slate piece that @mattyglesias wrote. He was able to use Federal Reserve balance sheets to arrive at a pretty sound estimate. I used his process but with updated data. 3/
slate.com/business/2013/…
slate.com/business/2013/…
So @beatmastermatt just put out this great video on #Georgism and #LandValueTax. If this was your first introduction to the theory, you might have some questions. I have answers.
Q. Can someone summarize Progress & Poverty for me so I don't have to read the whole thing?
A: YES --> gameofrent.com/content/progre…
A: YES --> gameofrent.com/content/progre…
Q. Does Land really matter anymore in the modern economy?
A: YES --> gameofrent.com/content/is-lan…
- Most Urban Real Estate value is Land
- LVT could raise 25-75% of current federal spending
- Land represents a massive share of major bank loans
- Land is the world's largest asset class
A: YES --> gameofrent.com/content/is-lan…
- Most Urban Real Estate value is Land
- LVT could raise 25-75% of current federal spending
- Land represents a massive share of major bank loans
- Land is the world's largest asset class
