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You aren't looking at the right variables. The revealed preference isn't shown by where people chose to move because pricing due to exogenous factors has a huge
by 0xB31B1B 5y ago
You aren't looking at the right variables. The revealed preference isn't shown by where people chose to move because pricing due to exogenous factors has a huge impact on availability. The right way to look is in some mix of "price per square foot" and "cost per dwelling unit" metrics, both of which show a strong preference for (1) dense urban living like NYC and (2) walkable suburban living like downtown palo alto, Berkeley, LA or many other inner ring suburbs in east coast cities.