This is why city centers are impossibly expensive, generate outliers in core businesses and industries; why cities are surrounded by slums (unproductives), and they are surrounded by suburbs (productives). Having high return people near high return people is the most important.
Source date (UTC): 2019-07-29 17:18:32 UTC
Original post: https://twitter.com/i/web/status/1155890360935170049
Reply addressees: @CovfefeAnon @Steve_Sailer @bartonwillage @causalinf @jenniferdoleac
Replying to: https://twitter.com/i/web/status/1155889959070511105
IN REPLY TO:
Unknown author
@CovfefeAnon @Steve_Sailer @bartonwillage @causalinf @jenniferdoleac 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.
Original post: https://x.com/i/web/status/1155889959070511105
IN REPLY TO:
@curtdoolittle
@CovfefeAnon @Steve_Sailer @bartonwillage @causalinf @jenniferdoleac 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.
Original post: https://x.com/i/web/status/1155889959070511105
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