in the UK, for example, 70 percent of the cost of housing arises from the price of the land on which the home is built.[5] Homes are more expensive in more desirable locations not because bricks and mortar cost more in such places, but because of the higher price of the land on which they stand. So when you pay “rent” for a home in the UK, 30 percent of that money, on average, provides you with the shelter you need. The rest is the charge you pay to use the space it occupies.
