The ownership of land is the great fundamental fact which ultimately determines the social, the political, and consequently the intellectual and moral condition of a people.
https://docs.google.com/document/d/1ft7ZOtRRxb0HBJKL-GWWTEMdRn_uEkbD/ed…
Let’s take a look at a diagram of the 18-year land price cycle since World War II. It’s based upon the writings of the six people shown at the foot of the chart and is not financial advice. The 18-year cycle peaks were in 1954, 1972, 1990, and 2008, with another anticipated in 2026. After each peak, there’s a steep four-year correction, followed by a recovery and a mid-term peak. The mid-term top is usually accompanied by a two-year recession. As we approach the final “Winner’s Curse” phase of the cycle, shown at the top of the chart, whereas many analysts had expected a recession in 2023/24, it has failed to materialise. So, if the 18-year cycle does hold, it may be be a case of “off to the races” next year, with a land price surge that could herald a crash in 2027. I guess we’ll see?