4 ms·
It sounds like a straightforward premise: if you're glued to one spot you're eligible for fewer jobs. I wouldn't discount that, except there will be an upside a
by avdempsey 13y ago
It sounds like a straightforward premise: if you're glued to one spot you're eligible for fewer jobs. I wouldn't discount that, except there will be an upside as well: an area with lots of homes might be a good place for more businesses. The question would be which factor has a greater effect?
And unfortunately we don't know what the rest of the article says. That's a pity, because we can't see how they account for the giant freaking housing bubble the US had that immediately preceded an epic crash in the economy.
- kijin 13y ago> an area with lots of homes might be a good place for more businesses That will be true even if the people who live in those homes are only renting. People need stuff, therefore stuff sells well where there are lots of people. Homeowners need just as much toilet paper as renters do. Of course, if your business caters to people who extensively modify their homes, you might do better in a neighborhood of homeowners than in a neighborhood of renters. But the DIY home improvement industry only accounts for a small fraction of the total business opportunities that a neighborhood offers.