> What is appreciating is the land underneath the house
> Imagine if we could buy a 3d printed home for 50 percent of current costs.
Why would the latter make much difference if the former is dominating the price of the house?
We can already test a version of this in the real world. Home builders are building largely identical houses now as they were 10 years ago, but the houses cost three times as much. I don't believe for a minute that my builder pays 3x for the people he employes to build the homes, or the materials, as he did in 2012. I also doubt very much he's just pocketing a huge amount more profit. He's paying a lot more for land now than he did in 2012.
> What is appreciating is the land underneath the house
> Imagine if we could buy a 3d printed home for 50 percent of current costs.
Why would the latter make much difference if the former is dominating the price of the house?
We can already test a version of this in the real world. Home builders are building largely identical houses now as they were 10 years ago, but the houses cost three times as much. I don't believe for a minute that my builder pays 3x for the people he employes to build the homes, or the materials, as he did in 2012. I also doubt very much he's just pocketing a huge amount more profit. He's paying a lot more for land now than he did in 2012.