Amish arbitrage

We live in a community where the Amish are buying a lot of land. They sell their land in Pennsylvania for $20,000 an acre and then move to our region of Wisconsin and buy land for $5000 an acre. So I’m living amongst the yuppie Amish.

That is from Penelope Trunk.  What I find interesting is that I, as an outsider, cannot easily judge whether the Amish should be paying more for high-amenity land, or paying less for low-amenity land.  (Near high-amenity land they can trade more with wealthier people.)  You can make an argument either way that it should be obvious, except it's not.  This is the socialist calculation debate all over again — it's only through a market process that we find out where the Amish should be living.


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