> In much of the country you can buy a square mile for a few million.
Yet in other parts of the country people pay that for 1000 square feet.
The fact that people aren't building skyscrapers or gold mines in "much of the country" doesn't mean that there isn't high demand for housing or precious metals.
I would be interested to know, for example, how much energy would cost if there were unlimited free space (with good weather and topography) for installing solar panels within easy transmission distance from all energy consumers.
In that sense, energy prices are dependent on land prices.
Yet in other parts of the country people pay that for 1000 square feet.
The fact that people aren't building skyscrapers or gold mines in "much of the country" doesn't mean that there isn't high demand for housing or precious metals.
I would be interested to know, for example, how much energy would cost if there were unlimited free space (with good weather and topography) for installing solar panels within easy transmission distance from all energy consumers.
In that sense, energy prices are dependent on land prices.