Question
Prices of land in City A are $60K per acre, and in City B are $ 150K per acre. Applying the rule that market value
Prices of land in City A are $60K per acre, and in City B are $ 150K per acre. Applying the rule that market value of dwelling and of land is roughly five times the value of land, what would be the minimum lot size in each city for a home worth $1.5M?
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Macroeconomics Principles Applications And Tools
Authors: Arthur O Sullivan, Steven M. Sheffrin, Stephen J. Perez
7th Edition
978-0134089034, 9780134062754, 134089030, 134062752, 978-0132555234
