Community land Trusts: intriguing
Land is a critical driver in housing prices. And, since land’s value is itself the residue of developed value minus development cost, when economies get hot, land prices shoot up:
The land-value equation
+ Property value after development
- Aggregate cost to develop (including soft costs, contingency, and profit)
= Land value ‘as is’ before development
Logically, therefore, affordability will […]
