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Flatland vs the Zoned Zone, at first glance: http://krugman.blogs.nytimes.com/2007/10/20/the-two-americas http://krugman.blogs.nytimes.com/2007/10/20/the-two-am
by HarryHirsch 10y ago
Flatland vs the Zoned Zone, at first glance: http://krugman.blogs.nytimes.com/2007/10/20/the-two-americas http://krugman.blogs.nytimes.com/2007/10/20/the-two-americas
The real question is why do the cities on the coast prosper, even in a recession, and those in Flatland shrink? Why wasn't the tech labour market in NYC and SF in 2003 and 2007 half as affected as the labour market in Dallas or Austin, even though rents in SF are astronomical?
- dexwiz 10y agoFlatland housing isn't cheap because of the houses. Its cheap because of the land. Since the land is cheap, more factories are built there. The recession hit factories particularly hard, combined with continuous outsourcing efforts, hit Flatland harder than the coasts. The impact of closing a factory isn't limited to the local area. It has a regional impact on support businesses.