8 ms·
If there's room for everyone, then why are there locations where it costs $3k/month for a studio apartment? What do you think causes such insane prices?
by TheAdamAndChe 9y ago
If there's room for everyone, then why are there locations where it costs $3k/month for a studio apartment? What do you think causes such insane prices?
- davidw 9y agoThis is a very well studied problem. You have a lot of demand, and limited supply: prices go up. Why do you have a lack of supply in that area? Read the article.
- s73ver_ 9y agoThere's room for everyone in the country as a whole. Hell, there's room for everyone who currently lives in California in California as a whole. The problem is that too many people want to live in certain smaller parts.
- closeparen 9y agoIt turns out that in the modern economy, life is sustained by proximity to other people and productive economic activity, not dirt. That we'd all fit if the dirt were evenly divided among us is irrelevant.