don't disagree with any of Robert Shiller's facts here, but this type of analysis is largely irrelevant for humans http://nyti.ms/29DAPg6
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greater HK (Pearl River Delta) is actually pretty cheap compared to Vallejo...
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1 country 2 system policy artificially inflates price in HK proper.
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Aside from the obvious explanations, Tokyo isn't really so dense
@tmccormick @TruliaRalph@JoshZumbrunpic.twitter.com/g6r3ycIE0y
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There is lots of sprawl supported by amazing transit (funded by land value capture btw)
@tmccormick @TruliaRalph@JoshZumbrun - 3 more replies
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