In the heart of China, the Wuhan metropolitan area is a bustling hub of activity. But have you ever wondered why some neighborhoods cost more than others? A recent study took a deep dive into this question. They looked at data from 48 counties around Wuhan and studied how land prices changed from 2015 to 2021. The study found that land prices tend to be higher in Wu...

Land's role in the economy has changed over time. It's not as crucial for production as it once was. Yet, it remains a top choice for storing wealth. More than half of household riches in big countries are tied up in real estate. This seems odd. Why does land hold so much value when it's not as important for making stuff? Economists have a theory. They say land pric...