Re:Low interest rates in advanced countries have pushed mone...
by kragen on Saturday December 04, 2021 @01:16AM
(#29439105)
I think this is an interesting thought experiment. I suppose the restaurants, utilities, and schools are all fully automated, like Automats or Skinner's Teaching Machine? (Or perhaps they have employees, but they all commute from over 160 km away?) And my family is the only consumer of those automated services?
It seems like the price of each meal at the restaurants would need to be sufficient for the restaurant to operate for a month or two, perhaps a few thousand dollars. That seems like it would discourage eating at these wonderful restaurants.
This seems to be conflating the symptom with the cause. I doubt housing is more attractive because there are more houses nearby; they're attractive because more services are nearby. Granted, they are going to correlate strongly but I think it's a mistake to conflate the two.
Consider the following:
1) A house with no neighbors within a 100 mile radius. But it has all the best restaurants, utilities, schools etc. within walking distance.
2) A neighborhood with hundreds of houses, but none of those services within 100 mile radius. It's a little isolated island of housing.
Which do you think would cost more to live in?