3 ms·
agreed that it's correlation. however that's all you're going to get. no one is going to run a city wide experiment in this way. however if you look at the tren
by endisneigh 4y ago
agreed that it's correlation. however that's all you're going to get. no one is going to run a city wide experiment in this way. however if you look at the trend it's clear that cities have seen higher median price increases than suburbs. you can search yourself.
- s1artibartfast 4y agoCities have a long list of attractive qualities that drive prices up. Being in a tiny box with high density is not one of them. Nobody is going to choose the 500 ft apartment downtown when they could have price. Every city has already run this natural experiment. You have units that are high density and low density that are completely paid off. People will pay more for a larger space in an urban center. If people wanted density for its own sake, rent would be higher for a tiny apartment in a large house in the same location. It is not the density that they want, it is the short commute and high paid job. This is what I mean by causality.