9 ms·
Isn't this mean reversion? The US seems to have exhausted much its cheap developable land near major city centers, and I think you'll eventually see the same pa
by trylfthsk 3y ago
Isn't this mean reversion? The US seems to have exhausted much its cheap developable land near major city centers, and I think you'll eventually see the same pattern that seems to play out through the bulk of the world: Extremely expensive land relative to salary, and an entrenched (hereditary?) land-holding baronage.
- efields 3y agoWe have not done that. There's still plenty of developable land close to cities, and plenty of inefficient uses of space that can be better utilized. The problem is who owns it.
- JumpCrisscross 3y ago> still plenty of developable land close to cities Hell, there's plenty within cities [1]. [1] https://escholarship.org/content/qt5gc6w0vd/qt5gc6w0vd_noSplash_97f9b183fdbb7e2ee0bcd342e7590bd4.pdf https://escholarship.org/content/qt5gc6w0vd/qt5gc6w0vd_noSpl...
- cratermoon 3y ago"On average, 22% of all land in city centers of metropolitan areas with over a million people was dedicated solely to parking." https://parkingreform.org/resources/parking-lot-map/ https://parkingreform.org/resources/parking-lot-map/