Not quite right. Real estate prices reflect the extreme discount in opportunity costs provided by economic velocity in a given population density. IOW: WHO lives there (economic velocity) is far more important than your cheap access to the discounts created by those living there.
Source date (UTC): 2019-07-29 17:16:56 UTC
Original post: https://twitter.com/i/web/status/1155889959070511105
Reply addressees: @CovfefeAnon @Steve_Sailer @bartonwillage @causalinf @jenniferdoleac
Replying to: https://twitter.com/i/web/status/1155888854739668993
IN REPLY TO:
@CovfefeAnon
@curtdoolittle @Steve_Sailer @bartonwillage @causalinf @jenniferdoleac Real estate values are the private estimates of the value of getting to live or work in a certain place.
A low crime NYC generates massive gains some portion of which are privatized
Original post: https://twitter.com/i/web/status/1155888854739668993
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