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It's delusional because the demand for real estate in these neighborhoods appears to be almost perfectly inelastic. People don't even think about moving anywhe
by timr 13y ago
It's delusional because the demand for real estate in these neighborhoods appears to be almost perfectly inelastic. People don't even think about moving anywhere else in the city, even when the cost/benefit equation tips in favor of living in another location.
- raldi 13y agoThe equation is different for each person. It sounds like it's tipped for you, but not them. Therefore, just because you make different decisions than they do, it doesn't mean either of you is deciding irrationally.
- deleted 13y ago[deleted]