Great post.
In this model, if you live in an apartment, will the tenants of the apartment still pay the lease fee based on square foot or will the owner of the apartment complex?
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Great post.
In this model, if you live in an apartment, will the tenants of the apartment still pay the lease fee based on square foot or will the owner of the apartment complex?
I'll be returning to that in part three, but the land lease will either be based on ground area times attractivity (measured by population density in a log scale) or a simple auction to establish market value.
How that ground lease cost trickles onward is basically up to the market actors involved. If I signed a lease of an apartment, I imagine I would be paying a landlord who leased the ground for the building.
Great. Now, we have to patiently wait for part three.