the sellers are looking for an ROI too
Absolutely. I know that's what J was thinking when we bought our current place (his family are a LOT more concerned about money in property than mine, I just want to make a nice home and my parents are like yep get that and him and his parents are screaming about not "overcapitalising" and unable to cope with the fact that I literally don't care even though I probably "should" but that's the story of my existence), it was in an area planned for rezoning which kicked in a fair few years after we bought it. Was supposed to help us sell easier, did not.
Might help the kids or any grandkids once we're dead and gone I guess as I don't think we're going to try again in the foreseeable future.
Your block is a nice size :D Ours is 900sqm, could have got bigger further out but we didn't want to go too much further out (previously it was J's work that was the problem but now it's mine as he works from home and just goes to the office on days where they have particularly long meetings) and the rest of this location is pretty nice (most of the time).
but not for the economy as it stands, or anyone invested in it.
Well it can adapt or die. We'll just adapt like we're doing and keep encouraging others to do likewise. My daughter's boyfriend trades crypto (including paying for stuff, there was one time where his dad was having trouble with the bank and asked him to please pay someone they knew in crypto as apparently they both do crypto and he would pay him back when the bank stopped being annoying, and I jokingly told my daughter she could definitely keep this one XD) and a lot of the young adults at work and the young adults we've been dealing with in our recent financial planning forays give even curmudgeonly old J hope, they're not as dumb as the average likes to pretend.