4 ms·
> which parts of the land are worth more than others though, I think the article does a good job of providing examples too: people living closer to each central
by throwaway894345 3y ago
> which parts of the land are worth more than others though, I think the article does a good job of providing examples too: people living closer to each central city had higher wages, which meant they could pay more for the land pieces... so they did, which meant they had to ask more when selling in order to 'break even' or 'realize on their investment'
I don’t think that’s a very compelling explanation for increased market prices for city centers either. It doesn’t address the rival (and more likely IMO) claim that prices increased for economic reasons (maybe city salaries increased even further or even something as nebulous as “Hollywood portrayed cities as vibrant, desirable places to several generations”).