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14 July, 05:21

Clay's property is worth $300,000 and the empty lot next to him is currently worth $40,000. After buying and legally merging this lot with his old property, Clay's new property is now worth $350,000. This is an example of

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  1. 14 July, 06:14
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    That's an example of Plottage (plottage is the increase in value by combining adjacent parcels of land into one larger parcel.)
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