The Land Trap Quotes

“When the asset becomes central to a nation's wealth and financial systems, an increase or a slump in its price creates huge risks for households, businesses, governments or all three.  When land climbs in value, it inevitably creates gaping disparities between the fortunate owners in newly expensive hubs and the unfortunate souls who bet on the wrong locations, especially in left-behind places in economic decline.  Surging land prices means greater and greater borrowing on the part of new buyers and landowners with growing lines of credit, which in turn raises the risk of national and international financial crises. ”
― Mike Bird, The Land Trap: A New History of the World's Oldest Asset