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A comment on Who killed the rave? Late-night dancing falls into global decline. Parent comment

Re:Who killed the rave? Late-night dancing falls into global... by Earw0rm on Wednesday January 08, 2025 @03:17PM (#42638018)
Yeah, and property is a positional good. Its price is a function purely of willingness to pay. So if you double household income, and perhaps quadruple theoretical discretionary income (after food, energy, gas and so on), give it 40 years and real-estate inflation eats the damn lot.
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Re:Who killed the rave? Late-night dancing falls into global... by sir0010010 on Wednesday January 08, 2025 @04:14PM (#42638522)
The price of every good and service is a function both of willingness to pay and supply.

Positional goods cease to be so if you substantially increase their supply - this is why Rolex, Gucci, etc are constantly worried about knockoffs.

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Re:Who killed the rave? Late-night dancing falls into global... by Earw0rm on Thursday January 09, 2025 @02:37AM (#42642726)
Yes, if you can substantially increase supply in the top decile or quartile, in terms of desirability.

That's difficult, for all sorts of reasons. NIMBYs protecting their investment is one aspect, but the maths of density, transport infrastructure and travel times is another big deal.

Walkable, interesting downtowns AND big floorplans AND low taxes AND abundant supply within a short travel time is a tough set of constraints.

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