Why Is Urban Housing So Expensive? Because People Want To Live There.
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Russian prefabricated housing Image Credit: Soviet Photography There are many in the States who think urbanism is a socialist plot and deny that people are moving back to the cities . As Joe Mysak wrote in Bloomberg a couple of years ago, when gas was hitting $4.00/gallon: The notion appeals especially to people who like to think they'll be in charge after the revolution.
The notion appeals especially to people who like to think they'll be in charge after the revolution. They would apparently love nothing more than for the population to be confined to Soviet-style concrete-block high-rises and be forced to take state-run streetcars to their little jobs at the mill.Of course, they are the same people who think that the housing crash was caused by the Community Reinvestment Act that forced banks to lend to minorities. When in fact, As the Economist points out in Supply, supply, supply, don't forget supply, it's all basic economics.... Read the full story on TreeHugger