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{
  "uri": "at://did:plc:2uaueakbupexh3p37uim4mq4/app.bsky.feed.post/3lojcu5ppzk26",
  "cid": "bafyreib54ymulw5jqnktpuiw3g5gjewsojaob44ueb3klbbluht43dcjky",
  "value": {
    "text": "That all being to say: property value = land value + improvement value.  Building more housing can only affect the improvement supply (because land supply is inelastic), so a reduction in improvement values doesn't make land less valuable (on the contrary, it makes land more attractive).",
    "$type": "app.bsky.feed.post",
    "langs": [
      "en"
    ],
    "reply": {
      "root": {
        "cid": "bafyreifu476twebbyvysaupfulkid2a6xtcsyk772uepbh32a3vmtn2zpq",
        "uri": "at://did:plc:43mphaebevpvjboz6vzrr6at/app.bsky.feed.post/3lohsdb7g5c2t"
      },
      "parent": {
        "cid": "bafyreieqkdru3xmx7ppihn4eydogbqjp6mwzrpkipv5vfnh5krpst3nfxm",
        "uri": "at://did:plc:2uaueakbupexh3p37uim4mq4/app.bsky.feed.post/3lojco3ram226"
      }
    },
    "createdAt": "2025-05-06T16:35:27.190Z"
  }
}