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This reminded me of a cover page Economist article in early April called "Space and the City" http://www.economist.com/news/leaders/21647614-poor-land-use-worl
by cstanley 11y ago
This reminded me of a cover page Economist article in early April called "Space and the City"
http://www.economist.com/news/leaders/21647614-poor-land-use-worlds-greatest-cities-carries-huge-cost-space-and-city http://www.economist.com/news/leaders/21647614-poor-land-use...
In the article: "The costs of this misfiring property market are huge, mainly because of their effects on individuals. High housing prices force workers towards cheaper but less productive places. According to one study, employment in the Bay Area around San Francisco would be about five times larger than it is but for tight limits on construction" ... "Lifting all the barriers to urban growth in America could raise the country’s GDP by between 6.5% and 13.5%, or by about $1 trillion-2 trillion."
Conclusion... not completely implausible