Why land will always matter, micro-units or not

  • Not all land is created equal -- land close to the seashore and within commuting distance in California is not like Colorado plains farmland.

Understanding real estate is hard. Partly because real estate has characteristics different from financial markets (each piece is unique, uniquely located and can’t be moved to a better market for sale), but in equal part because of the fantastic misinformation pushed at us by alleged experts, often authentic ones in other fields.