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Isn’t the price just the desirability factor (on average)? Would be interesting to select areas of desirability and find the cheapest areas that match those cri
by joshgel 5y ago
Isn’t the price just the desirability factor (on average)? Would be interesting to select areas of desirability and find the cheapest areas that match those criteria.
- dccoolgai 5y agoI think the thing that's maybe novel, though, is that "access to high-paying jobs" has previously been a huge "chunk" of the desirability metric. Now take that away: Is it still worth paying 20x as much on a quotidian basis when two places have the same access to those jobs? Having spent time in both CA and Northeast Ohio: is California nicer? Would I pay maybe 20-30pct more to live there? You bet I would. 2000pct? Keep your needle-littered streets, I'll see you in Cleveland.
- awb 5y agoIn a perfectly efficient market, yes. But many people will remain in one place to be by their family even if the price to desirability ratio is out of whack.