[extropy-chat] Real estate as an extropian investment

[Rik van Riel]

On Wed, 17 Aug 2005, Mike Lorrey wrote:

> Nope. The 2030-2050 population crash will cause a corresponding crash
> in real estate prices.

I'm not convinced.  Household sizes are still shrinking and
house sizes are still growing.  Unless there is a transportation
(commuting) breakthrough, there will continue to be a large
demand for real estate near large economic centers.

Well, unless the population crash is accompanied by an
economic crash of course - but if that happens real estate
may well end up losing less than other investments...

> Government in the US owns about 40% of the land here (not sure of stats
> in other nations, though Canada seems significantly higher). Private
> land trusts and corps own another 30%.

Most of that land is in the middle of nowhere though, and
consequently not in high demand.

-- 
"Debugging is twice as hard as writing the code in the first place.
Therefore, if you write the code as cleverly as possible, you are,
by definition, not smart enough to debug it." - Brian W. Kernighan