> The price of land will skyrocket
Is that really true?
Let's look at some data from Google, the World Bank, etc.:
US land area: 3,532,316 square miles
US population: 334.9 million
640 acres per square mile
( 640 * 3,532,316 ) / 334,900,000 =
6.750 acres per person
Fertility rate: 1.66 births per woman
(2022) World Bank
GDP growth rate: 2.5% annual change
(2023) World Bank
So, per family of four, that would be ( 4 * 640 * 3,532,316 ) / 334,900,000
= 27 acres per family of four
"Skyrocket?" With the fertility rate of
1.66, the US population is falling so that
the acres per person is increasing.A guess is that people are crowded into tall buildings in dense cities to reduce costs of communications. So, yes, in dense cities, the cost of land per acre is comparatively high.
But the Internet is reducing the costs of communications meaning that people can move to land that is less densely populated and cheaper.
So, for the near future, tough to believe:
> The price of land will skyrocket