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That's because market-economy developers expropriate planning properties that lead to higher quality of life, externalizing the resultant downstream costs upon
by yourapostasy 10y ago
That's because market-economy developers expropriate planning properties that lead to higher quality of life, externalizing the resultant downstream costs upon their customers, who in this instance of a market with highly asymmetrical information between parties (out of many in market economies) are not aware of the longer-term, cross-functional factors decided against their interests when they make their housing purchasing decisions. This is only somewhat mitigated by customers gradually over time (a few generations) building up a kind of institutional knowledge of preferences that painfully slowly express themselves into the market, and quickly vanish if not assiduously and consciously protected; see many much older walkable neighborhoods in less well off sections of towns and cities get gentrified over with less walkable developments.
- throwaway12393 10y agoEmailed you recently. Can you check if I understood your address correctly? :)
- yourapostasy 10y agoYep, you reached me.