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New cities would also require the friction of moving cities to be as low as possible.
by 0xfaded 8y ago
New cities would also require the friction of moving cities to be as low as possible.
- esilver 8y agoThat friction presents an interesting set of problems. One aspect of the current housing crisis, at least as it exists here in California, is that young people increasingly rent instead of owning. A generation ago home ownership would be a form of lock-in for “legacy” cities. High rents and low home ownership suggest that this lock-in is less of a factor.