Hyp: when urban residential real estate becomes 1% speculation/capital storage asset, 99% must become nomadic
agglomeration economies = densification arguments a la Jacobs, West etc? What do you mean by bad land use?
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agglomeration economics = Firms collocate in the same market to get deep pools of labor and specialized capital https://en.m.wikipedia.org/wiki/Economies_of_agglomeration …
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okay, so basic economies of scope independent of densification arguments in particular
End of conversation
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and by "bad land use", I mean restrictions on density, broken property tax systems like prop 13, and fragmented local governments
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