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Look at the map in this linked article (1). Seems like southern states are the ones getting most subsidy. Midwest for the most part relatively lower on the spec
by asdff 1y ago
Look at the map in this linked article (1). Seems like southern states are the ones getting most subsidy. Midwest for the most part relatively lower on the spectrum.
And what is even the subsidy? Interstate road works? Hardly matters to your daily life. The other subsidies are probably things like welfare benefits or medicaid, which might be a significant thing in your daily life if you qualify but if you don't are also irrelevant.
Lower property prices on the other hand lift all boats. Renters benefit. Homeowners benefit. Corporations benefit. At every income level in the market.
https://taxfoundation.org/data/all/state/state-federal-aid-reliance-2020/ https://taxfoundation.org/data/all/state/state-federal-aid-r...
I really don't think subsidy is a factor in keeping things cheap in terms of cost of living. I think it is pretty solely due to the relationship between the size and rate of growth of the local high income demographic and housing inventory. For example it is even cheaper to live in Mexico due to this relationship, and there is probably a lot less subsidy going on there.
- JumpCrisscross 1y ago> Interstate road works? Hardly matters to your daily life Sure does if you want trucked vegetables in the winter! > think it is pretty solely due to the relationship between the size and rate of growth of the local high income demographic and housing inventory The American housing market is broken. You are absolutely correct in that shrinking Rust Belt cities sidestep this problem by being in the rare position of housing surplus. What I’m challenging is the notion that life in those cities would be as nice as it is if the entire country copied their population and economic contraction.