Balance between Real Estate and Land

This lecture discusses the balance between real estate and land in liberal economies, focusing on the concept of land charge and real estate investments. It explores how factors such as land price, land development, infrastructure costs, and building volume influence real estate investments. The lecture also touches on strategies to increase profitability, such as increasing density or modifying parcel geometry. Additionally, it contrasts the role of the state in planned economies, where it can influence land prices but not infrastructure costs. The state's ability to impact land charges significantly affects the real estate market. In summary, the lecture provides insights into the dynamics of real estate and land equilibrium.