Prices of land in City A are $60K per acre, and in City B are $ 150K
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Question:
Prices of land in City A are $60K per acre, and in City B are $ 150K per acre. Applying the rule that market value of dwelling and of land is roughly five times the value of land, what would be the minimum lot size in each city for a home worth $1.5M?
Related Book For
Macroeconomics Principles Applications And Tools
ISBN: 9780134089034
7th Edition
Authors: Arthur O Sullivan, Steven M. Sheffrin, Stephen J. Perez
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