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Well, sure, but supply of what and demand of what? Housing? Like I said, that's only about 20% of the average American's spending. But why does demand outpace s
by fovc 10y ago
Well, sure, but supply of what and demand of what? Housing? Like I said, that's only about 20% of the average American's spending. But why does demand outpace supply so much in cities? Is it that building apartments and condos is so much more expensive than building suburban homes? And if so, by how much (seeing as it's only 20% of the total)
- ghaff 10y ago>But why does demand outpace supply so much in cities? Some cities. (And, more specifically, some parts of some cities.) I'm sure it's not hard to find inexpensive housing in many areas of Detroit, to give one example. It really boils down to demand and land value, which is a particular problem in cities that can't just spread out further.
- rhino369 10y ago>Housing? Like I said, that's only about 20% of the average American's spending. BLS estimates on average its more like 33%. And urban areas are significantly higher than the suburban areas. https://www.bls.gov/regions/west/news-release/ConsumerExpenditures_SanFrancisco.htm https://www.bls.gov/regions/west/news-release/ConsumerExpend... When you consider how little the average family is saving, then you'll see why there isn't a lot more extra money to throw around.
- fovc 10y agoThe 33% includes utilities and furniture. 20% is the actual building
- oculusthrift 10y agowhy do you think there's massive traffic going into cities during rush hour, not out? that's where jobs are.