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Summary
Phil recommends Don Riley’s book Taken for a Ride (2nd edition, Shepheard-Walwyn), which documents how London’s Jubilee Line extension created massive land value gains for nearby property owners while being funded by taxpayers. Riley personally gained tens to hundreds of millions of pounds from land near Waterloo/Canary Wharf. The book is described as the only book that details exactly what happens to land prices when government builds infrastructure.
Key Claims
- Government infrastructure investment creates massive land value gains for nearby private landowners at taxpayer expense. — confidence: high
- Don Riley documented this personally: the Jubilee Line extension created tens to hundreds of millions in land gains for his properties. — confidence: high
- Infrastructure spending globally is accelerating in the second half of the current cycle. — confidence: high
- Taken for a Ride is the only book that documents infrastructure-driven land value uplift in detail. — confidence: high