Re:The rich world needs higher real wage growth
by temp-dude-87844 on Sunday July 01, 2018 @12:11PM
(#17436146)
It's certainly not cheaper, for developers, to build highrise aparments in the city than upscale tract homes on tiny lots in an exurb. And environmental impacts and the responsibility for transportation are both externalities easily pushed to someone else. This is what actually happens.
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Re:The rich world needs higher real wage growth
by tfehring on Sunday July 01, 2018 @12:24PM
(#17436200)
>It's certainly not cheaper, for developers, to build highrise aparments in the city than upscale tract homes on tiny lots in an exurb.
Why's that? At the margin, at least, it seems unlikely that this is the case - it's probably quite a bit cheaper to add an additional floor to a 50 unit/floor high-rise (when it's being constructed, not after the fact) than to build 50 detached single-family homes in an exurb, for example.
It's true that externalities can be, well, externalized, but that doesn't mean the difference in absolute costs shouldn't be considered. At the end of the day, someone still has to foot the bill.
Re:The rich world needs higher real wage growth
by stale2002 on Sunday July 01, 2018 @03:59PM
(#17437256)
It costs a very small amount compared to the actual value that they create.
Adding more houses in a place nobody wants to live is worth very little.
Adding more apartments to a place EVERYONE wants to live is VERY valuable.
I want developers to be doing the thing that everyone wants.