Thoughts For The Times
Land Values. The rule of lend values is the same for city property and farm property. The value of the land in either case depends upon the income that can be derived from it; the income is not determined by what has been paid for the land. In boom times people frequently over-estimate the permanent returns from all kinds of property and the severity of periods of reaction is largely due to such mistaken expectations.
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Hokitika Guardian, 9 June 1921, Page 2
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79Thoughts For The Times Hokitika Guardian, 9 June 1921, Page 2
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