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What evidence is there that growth would increase in the areas with high housing prices if the housing prices were lower?
by twblalock 10y ago
What evidence is there that growth would increase in the areas with high housing prices if the housing prices were lower?
- davidw 10y agoLess deadweight loss in the form of rent, and more towards people doing productive things is one completely obvious one.
- twblalock 10y agoI asked for evidence, not what seems obvious. I already addressed this in my original post. It seems obvious that the displacement of workers would hurt the economy. However, it does not seem to actually happen -- the cities with the highest housing prices have the highest growth of any cities in the world.