Re:Average Rent in San Francisco Has Dropped $1k This Year
by lumost on Monday December 28, 2020 @09:03PM
(#25565844)
taken to the extreme, I would wonder wether kitchenless apartments would become popular in SF, NYC, or LA given the opportunity. In a studio or 1-bedroom, you could offer 20-30% more space for living rooms or other activities.
The rest of my post was about specific ways that the behavior of individual firms (using myself as an example) may diverge from what the economic model predicts, specifically because of transaction costs. That and a counterfactual (Taiwan) where these transaction costs don't exist, to illustrate how behavior then converges on what economics would predict.