4 ms·
Yep, it turns out the revealed preference of US people as a whole is they really like infrastructure and living in places where there are good amenities to the
by antisthenes 2y ago
Yep, it turns out the revealed preference of US people as a whole is they really like infrastructure and living in places where there are good amenities to the point that they would rather share a rented apartment, than own something out of the way.
I guess with a commute and dependents that's really the only way to make it work.
- bsder 2y ago> rather share a rented apartment, than own something out of the way. Or is it simply the standard demographic problem of "the vast majority of population is in the cities so the vast majority of <pick any characteristic> is mostly in the cities"? In addition, if you are poor, owning a car is relatively expensive. Not owning a car is an option in some US cities; it's simply a non-starter anywhere suburban or worse. However, as the article points out, Houston has apparently done better than most simply because it has lots and lots of housing supply. Of course, the downside of that is that Houston is also the poster child for sprawl having not one, not two, not three but effectively four beltways around the city perimiters.
- seanmcdirmid 2y agoBeijing has 5 urban ring roads and 2 ex-urban ones. Housing is still expensive, but a lot of apartments are just investments. At least the official homeless rate is zero, and lots of people can find affordable subterranean rooms for rent (ant tribe housing).
- kiba 2y agoIt's also unsurprisingly where the jobs are.