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Lars Doucet - Progress, Poverty, Georgism, & Why Rent is Too Damn High
Dwarkesh Podcast
Does That Explain Property Values in San Francisco?
Property values in San Francisco are based off of the average productivity. If you're lower than average productivity, you flee high productive areas. You go to more marginal areas because those are the only places you can basically afford to make a living. The idea is that capital land is soaking up profits that capitalists and laborers are entitled to in the form of rent. But when I look at the wealthiest people in America, there are people who own a lot of land, but they bought that land after they became wealthy from doing things that were capital or labor.
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