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> Actual, real-world people vote against high-density urban environments with their feet, and pretty much always have. If that were true, then the prices in hi
by jimrandomh 10y ago
> Actual, real-world people vote against high-density urban environments with their feet, and pretty much always have.
If that were true, then the prices in high-density urban environments would be much lower than they actually are.
- Turing_Machine 10y agoNope. Supply enters into the price equation too.
- Turing_Machine 10y agoTo make this point a bit more strongly, there's a type of coffee called Kopi luwak that sells for $700/kilogram. https://en.wikipedia.org/wiki/Kopi_Luwak https://en.wikipedia.org/wiki/Kopi_Luwak This coffee's claim to fame is that the beans have been eaten (and then excreted) by a cat-like animal called a palm civet. Now, does that high price mean that most people want to drink this coffee? Nope. Most people would avoid it at all costs. There is a small group of connoisseurs who enjoy this coffee. The price is high because, as small as that group might be, the (tiny) supply is insufficient to satisfy their demand at any lower price. Similarly, there's a subset of people (mostly, though not exclusively, young, single, and childless) who actually enjoy living in dense urban environments, and will drive up the price accordingly. Those people are not the norm.