A national map of land values in the US. 👀 Any surprises?
Source for those who want to dig in: pnas.org/content/117/47…
@mnolangray Makes a compelling argument that housing is a federal issue, looking at how Boston’s housing shortage is driving up land prices in New Hampshire
@mnolangray Land value tax would solve this
@mnolangray Vegas, Phoenix, and LA are boxed in by federal land. Dallas looks more sprawled than Houston. Land doesn't look too pricey in Pittsburgh, Cleveland, or Detroit.
@mnolangray It’s also a map of good jobs and decent public services.
@mnolangray Wonder why Iowa (farm?) land is more expensive
@mnolangray Looks like a population density map to me
@mnolangray Heh, this reminds me of the time Michael Hudson pointed out the Federal Reserve (in the mid-1990s) that they were valuing land wrong, so they stopped valuing land. 🙂 wealthandwant.com/docs/Hudson_Li…
@mnolangray Well, I was surprised that there was swath of really expensive land down the middle of the US, but it just turns out that this map is garbage if you're colorblind.
@mnolangray yeah, we should sell a bunch of the blue shit to suckers to pay off some debt
@mnolangray somewhat clear where the Portland area's growth boundary ends
@mnolangray So much public (publicly owned) land. 1/3 of continent? How’s that compare to other countries? Land value is much lower, but still surprising.
@mnolangray How there's some patches of cheap land relatively close (as in 100 miles straight-line or less) to some pretty major cities.
@mnolangray Seems like the Hudson Valley should be more valuable, but it may just be hard to see the expensive parts since much of it is too mountainous for construction
@mnolangray land value in southern Louisiana basically maps onto usability
@mnolangray What is that gray ribbon across Nevada? Zone around 1-80?
@mnolangray This is your country.
@mnolangray The US should found a lot of dense new cities in favorable locations on public land. It'd be a massive boon to society.
@mnolangray @FreightAlley Why have so so much public land? mountain?
@mnolangray @PaulSkallas I didn’t recognize Montgomery Alabama so I hopped on zillow to snoop around and found the craziest deal I think I’ve ever seen zillow.com/homedetails/11…
@mnolangray Why does the light green extend so far west of Austin and San Antonio? Is the Hill Country really productive?
@mnolangray This is a pretty incredible map. Largely replicates our core markets, infill strategy at Goodman. The source data and methodology will be interesting to sift through. @larsiusprime have you seen this paper? Can’t help but think of your appraisal efforts in PA.
@mnolangray My surprises: 1. Metro MSP > metro Dallas 2. The Denver/Fort Collins/Colorado Springs area is much bigger/more connected than I thought 3. Cleveland/Akron looks very similar in size and value to metro Detroit
@mnolangray @upzone_CA Niagara Falls showing up as poor land value isn't a surprise when you realize how shitty of a city it is due to systemic failures. I bet the Canadian side has a 3x higher land value.
@mnolangray Detroit and Cleveland are so big and seem to lack any high value core
@mnolangray Surprised by DFW’s disappointing showing