This falls in line with the old economic school of how value is created, which fell in disfavor because it didn’t sit right with the upper classes, for clear reasons.
It seems reasonable enough to me, but I don't own any land. I think I'm realistic enough to admit that if I had been born 35 years earlier and had two homes that I paid off in my 40's and had appreciated 350% since then, I would probably feel differently about it. It's a tough nut to crack, for sure.
If you're referencing the LTV, no it doesn't
No, I am referencing the Value Of Everything by M.Mazzucato.