I am curious if replacing the words real estate with, instead, land would alter any of these points. Land, in of itself, cannot be created out of thin air. Also; it has a high demand and if you own land that is free from government control; lessons the burden for taxes, regulation, and fees. These would be a rebuttal of sorts.
This is true, but finding land that is free from government control / taxes / fees is difficult. Also useable land can be “created” by developers, which can impact scarcity as we often see when there are booms and busts.
I am curious if replacing the words real estate with, instead, land would alter any of these points. Land, in of itself, cannot be created out of thin air. Also; it has a high demand and if you own land that is free from government control; lessons the burden for taxes, regulation, and fees. These would be a rebuttal of sorts.
This is true, but finding land that is free from government control / taxes / fees is difficult. Also useable land can be “created” by developers, which can impact scarcity as we often see when there are booms and busts.