Why does the value of land/real estate increase over time? Other commodities deflate or are unstable, what makes land a good investment most of the time?
In: Economics
Also because inflation ; after time pass there’s more money in the world, so price raises.
Think of it has in a videogames ; the game create money from nothing when doing quest, so at a moment you have lots of money, but nothing much interesting to buy, so the devs add expensive things to the game for you to buy. You have lots of money, but interesting things cost way more than before.
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