the COL also varies wildly. I could move 1.5 hours away from where I live now and pay like 1/3 of what I do now for rent/mortgage.
Part of that high city housing cost is zoning and other planning constraints on building upwards. Have to increase supply if you want to bring the cost down.
If it were possible to reduce the cost-of-living bar to letting more people move to cities, it’d be possible to increase productivity for a lot of people.
I remember the “The Rent is Too Damn High” guy running for mayor of New York City a few years back. The guy had a point.
Like, policymakers have not done a great job on that.
Part of that high city housing cost is zoning and other planning constraints on building upwards. Have to increase supply if you want to bring the cost down.
I post this occasionally:
https://www.theatlantic.com/magazine/archive/2011/03/how-skyscrapers-can-save-the-city/308387/
https://archive.ph/jRQIm
If it were possible to reduce the cost-of-living bar to letting more people move to cities, it’d be possible to increase productivity for a lot of people.
I remember the “The Rent is Too Damn High” guy running for mayor of New York City a few years back. The guy had a point.
Like, policymakers have not done a great job on that.