Submitted 1 year ago by amksenin@lemmy.world to nostupidquestions@lemmy.world
You’re putting your priority of beauty on others, who seem to prioritize function if they do hobby farming (in which case, trees could get in the way of whatever they’re trying to do with the land)
Neither preference is wrong. In theory prices should reflect supply and demand.
i think their purpose isn’t to farm. their purpose is to have a good time. they can do that better if their land is pretty
how do i figure out the supply and demand of pretty land?
That’s a basic economics thing that doesn’t have an easy answer. But basically, at lower prices, people generally demand a higher quantity of something. Raise the price, and people start to think twice and consider other options. Supply is the opposite: at a higher price, more of a product will be produced (or in the case of pre-owned land, landowners are more likely to cash out). At lower prices, people won’t bother.
So in the case of land, price is affected by what people want, but also what’s available. If there is a lot of open space and that’s what everyone wants, groovy! But if people want limited amounts of tree land, prices are going to skyrocket for that and people will look at open land as an alternative.
Valuation of undeveloped recreational property is going to be a lot more speculative than agricultural/industrial use because the final product is not tangible.
If you’re asking strangers on Lemmy how to do land valuation I don’t think you should try your hand as a real estate developer.
Asking a bunch of random Internet posters on Lemmy, who know nothing about property speculation, land management, investment in general, or especially your country, while providing very few specifics about your plan, is not going to yield useful advice.
And posting it multiple times is sure to get yourself blocked by many users.
edgemaster72@lemmy.world 1 year ago
Is it just me or is the title backwards from what the post says? Shouldn’t it be phrased “Do people REALLY want to buy empty land instead of beautiful land?”