Re: Baffled by the onward march of skyscrapers Archived Message
Posted by Dovetail Joint on July 23, 2023, 7:26 am, in reply to "Re: Baffled by the onward march of skyscrapers"
Th land cost is cheap relative to the value of property on top of it. Therefore, it makes it a really good investment to build narrow and high, compared to long and flat. As property values in western cities go up and up and there's a lot of investment capital sloshing around, it makes 'economic sense' to invest in property.
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