How much of the earth’s surface would it take to provide each and every one of the 7 Billion people in the world a Vancouver-standard 33ft by 122ft lot?
Preposterous thought, right?
We’re packed into the planet so tight as it is, there certainly isn’t enough space on the globe to do it, so we’d have to be thinking of using the moon, and Mars, right?
One of the perennial bull arguments for never-ending future price strength is the old “They’re not making any more land” litany.
Well, apart from a few rare land reclamation examples, this is indeed correct. But it has also been correct through all prior RE booms and busts.
We’re so used to seeing images of busy streets, packed highways, towering condos, that we’re certain it’s all getting extremely crowded.
So, how much space would it take to provide every person on the planet with a standard lot?
Turns out it’d take a square of 1000 miles by 1000 miles, about the size of the square on the North American map below.
[*Note: Before civil engineers, town planners, and Habitat for Humanity folks chime in, let's make it clear that we are not advocating for a community like this in the midwest. And we do realize that much of the world's land is uninhabitable, etc, etc... but... you get the picture. - vreaa]
[hat-tip to Harper's Index, where a line item about how the entire world's population could be packed into Texas at the same density as NYC (10m by 10m each), got us to do the math above.]
“Vancouver has a finite amount of land. The prices are only ever going to go up.” – Douglas Coupland, 2000
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