Land prices increase very rapidly with population density.
People collaborating with other and the resulting value added justifies higher land prices at first.
Late arrivals to the hot location in effect work to provide an outsized return to lucky early residents who "got in" at the right time and the right price.
We can see this in almost all the "desirable" big cities around the world.
The problem has a solution.
Because that's where a lot of the value added would go!
8 years and 500 people later, no one worries about that anymore. We have a lot of applicants.
Low land or rent costs give you a long runway too! You can survive mistakes.
The only thing I did right was to make sure I could afford my mistakes.
If you develop a high burn rate due to a high cost location, you allow yourself no room for mistakes.
en.m.wikipedia.org/wiki/Henry_Geo…
Entrepreneurs should understand Georgism!
In Tamil, Guduvanchery was almost a generic term equivalent to "boondocks" in English.
We have done quite well there!
If some day it becomes too popular (I hope not!), please keep that in mind.
Entrepreneurs rarely succeed by chasing what's popular right now.