This weekly roundup thread is intended for all culture war posts. 'Culture war' is vaguely defined, but it basically means controversial issues that fall along set tribal lines. Arguments over culture war issues generate a lot of heat and little light, and few deeply entrenched people ever change their minds. This thread is for voicing opinions and analyzing the state of the discussion while trying to optimize for light over heat.
Optimistically, we think that engaging with people you disagree with is worth your time, and so is being nice! Pessimistically, there are many dynamics that can lead discussions on Culture War topics to become unproductive. There's a human tendency to divide along tribal lines, praising your ingroup and vilifying your outgroup - and if you think you find it easy to criticize your ingroup, then it may be that your outgroup is not who you think it is. Extremists with opposing positions can feed off each other, highlighting each other's worst points to justify their own angry rhetoric, which becomes in turn a new example of bad behavior for the other side to highlight.
We would like to avoid these negative dynamics. Accordingly, we ask that you do not use this thread for waging the Culture War. Examples of waging the Culture War:
-
Shaming.
-
Attempting to 'build consensus' or enforce ideological conformity.
-
Making sweeping generalizations to vilify a group you dislike.
-
Recruiting for a cause.
-
Posting links that could be summarized as 'Boo outgroup!' Basically, if your content is 'Can you believe what Those People did this week?' then you should either refrain from posting, or do some very patient work to contextualize and/or steel-man the relevant viewpoint.
In general, you should argue to understand, not to win. This thread is not territory to be claimed by one group or another; indeed, the aim is to have many different viewpoints represented here. Thus, we also ask that you follow some guidelines:
-
Speak plainly. Avoid sarcasm and mockery. When disagreeing with someone, state your objections explicitly.
-
Be as precise and charitable as you can. Don't paraphrase unflatteringly.
-
Don't imply that someone said something they did not say, even if you think it follows from what they said.
-
Write like everyone is reading and you want them to be included in the discussion.
On an ad hoc basis, the mods will try to compile a list of the best posts/comments from the previous week, posted in Quality Contribution threads and archived at /r/TheThread. You may nominate a comment for this list by clicking on 'report' at the bottom of the post and typing 'Actually a quality contribution' as the report reason.
Jump in the discussion.
No email address required.
Notes -
Subdivision is not always trivial. I would not say that the there is only a single fixed cost, there are also variable costs associated with land surveys, environmental surveys, administration, utilities, etc.
Then there are selection effects. Areas with large blocks of land are usually more rural which have lower land prices.
I have a feeling that the complete picture here has to do with the marginal utility of developed vs undeveloped land, economies of scale, and maybe commercial vs residential markets.
It seems intuitive to me that the utility value of developed land does not scale linearly with size, unless you're a farmer or something.
If I'm a large developer that can afford to buy a large parcel, subdivide, AND develop those parcels, I will likely (up to a point) get a better ROI from a larger number of smaller plots. In SFH residential markets this happens often because there is a consumer desire to "own" their plot. In commercial markets, this demand matters less, so the ROI maximizing strategy is to buy a large plot, build X storefronts, and rent to tenants. The size and distribution of those storefronts should reflect the market for commercial renters, and I think that is what you do see (a decent mix of large home-depot style tenants and smaller independent businesses).
Yet on the other hand, selling a small plot of undeveloped land is challenging since you need to develop it, and you will almost always be outcompeted by large developers who can afford to buy the larger plot in one go.
So you have a market dynamic where both things are true: the utility (and marginal market) value of the developed land is proportionally greater for small plots (or small storefronts), yet it is not always useful to simply buy a large plot, subdivide, and resell.
All this is to say, holders of large plots of undeveloped land are usually incentivized to sell in one go. Whereas developers are incentivised to buy large plots and then extract maximum utility via subdivision or multiple storefronts, which is what I think we do see in practice.
That all makes sense; thank you!
More options
Context Copy link
More options
Context Copy link