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I think the point is that when some areas push for that, their rents go up, and some people get priced out. Either an equilibrium forms where there's a "pee+ga
by lallysingh 8y ago
I think the point is that when some areas push for that, their rents go up, and some people get priced out. Either an equilibrium forms where there's a "pee+garbage rent discount" for an area, or you see migrations across the "smells like pee+garbage" boundary as rents adjust.
I suspect it has to do with the sign of the derivative of demand, where the trend is to look for better areas (overall reduction in pee, higher rent) or to look for cheaper rents (more pee).
- BurningFrog 8y agoYeah, but it it's also from a perspective where the only things that matters in the world is housing cost. Sometimes you have to step away from your models and remember they're just models.
- lallysingh 8y agoNo. The models tell us about the real world and behavior. People have a choice: smell pee or have a more distant from stuff/smaller space to live in.