Metadata
- Author: Lars Doucet Dec 26
- Full Title:: AI: Markets for Lemons, and the Great Logging Off
- Category:: 🗞️Articles
- URL:: https://www.fortressofdoors.com/ai-markets-for-lemons-and-the-great-logging-off/
- Finished date:: 2024-09-20
Highlights
The question is really WHERE does prices will increase because people are looking for close-knit communities. If you are looking for that, the city centres of Madrid, Barcelona, or Valencia are def not what you are looking for.
Seventh, real estate prices will continue to rise. This is for two reasons – first anyone who participates in the literal version of “The Great Logging Off” will put a huge premium on face-to-face close-knit human community, creating demand for the best locations where dense housing with lots of amenities are available. Second, Ricardo’s Law of Rent observes that whenever human productivity increases, those productivity gains tend to get soaked into the price of real estate in the form of rising rents. If you’ve read my book, Land is a Big Deal, or the freely available series of articles it’s based on, you’ll know where I’m coming from. (View Highlight)