I see older very skinny women who look old and frail due to being very skinny. You need some fat under that skin to plump it up to look youthful. Catherine Deneuve I believe was the one that said that after the age of 40 you have to chose between your face and your ass. I say all of this as a 40 something woman.
In case the author is reading this, I am wondering why Dad did not have a succession plan, and was it ever discussed in the family what should happen after? What was dad’s plan?
They are not trying to get it for cheap though, they are paying large premium to what it would sell for individually. But, of course, there is a limit to what they can pay. So, either everyone gets more than they would individually, but if they are too greedy, no one gets anything.
8 out of 10 can work if the 2 are at the ends, and that often happens, greedy one makes herself an island. Doesn’t work if they are in the middle. Then they ruin it for everyone.
No, they don't do slowly. Very few of them will buy and hold, it's money being tied up doing nothing. And you have to be fast, longer you wait greedier people get, we've done this many times, the same story repeats itself every time.
As per what is land worth, for a developer, it's a an x amount per buildable square foot (which they need to approximate based on the guidance of their planners, before they rezone).
There certainly is causality here. If you are patient and invest your money long-term instead of spending it all, you will literally be wealthier than if you spent it all.
Of course, there is causality the other way round as well, that is, a basic level of stability and wealth allows you to save.