Abstract
This paper attempts to explain housing supply, land price and structural density, the last of which paints the urban skyline. It proves that structural density and land price are positive functions of housing rent and lot size, but negative functions of interest rate and construction cost. Because of technological improvement, modern urban skyline and land price gradient have become steeper. This paper also explains why the skyline is usually not smooth, and why two adjacent land parcels can have very different prices.
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