Hyp: when urban residential real estate becomes 1% speculation/capital storage asset, 99% must become nomadic
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Replying to @vgr
I reject the premise. Airbnb and foreign money narratives are not main drivers of $$$ cities. Agglomeration economies+bad land use are.
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Replying to @rafaelsolari
agglomeration economies = densification arguments a la Jacobs, West etc? What do you mean by bad land use?
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Replying to @vgr
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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Replying to @rafaelsolari
okay, so basic economies of scope independent of densification arguments in particular
11:24 AM - 7 Aug 2016
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