New Directions in Real Estate?

keats real estate imageOn NPR’s finance programme Marketplace yesterday, there was a somewhat unusual piece. It seems that conceptual artist Jonathan Keats is making some money by selling the extra dimensional rights to various properties in San Francisco! (You can see him at the Modernism Gallery there1).

Since there’s no known way to build on or otherwise occupy this new extra dimensional property (let me explain a bit further in an enormous footnote2), the prices are awfully reasonable. Here’s a transcript of a transaction that I found on their website. Reporter Nathaneal Johnson is observing a sale to punters Oscar Villalon and Mary Ladd:
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