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How does opening more restaurants: 1) Allow non-local demand? Do people fedex overnight the food? 2) Significantly increase infrastructure load? Do people liv
by teacup50 11y ago
How does opening more restaurants:
1) Allow non-local demand? Do people fedex overnight the food?
2) Significantly increase infrastructure load? Do people live at the restaurants when they're not serving food, and thus require schools, police, parking, roads, jobs, etc?
Even then, restaurants do create demand on the city, and they are managed via zoning laws.
A more accurate analogy -- claiming that high density development will bring more restaurant patrons, resulting in more restaurants opening, resulting in restaurant prices dropping.
- jessaustin 11y agoIt occurs to me that the phrase "affecting demand" is actually a bit ambiguous. In your nightmare runaway-train scenario, have rents risen or fallen?
- teacup50 11y agoAnywhere this urban upzoning has been tried: in the short term, rents either rise, or stay roughly the same. In the long term: rent rises.