Jump to content
House Price Crash Forum

Why Are Cities (Still) So Expensive? - Freakonomics


Recommended Posts

Apologies if already posted but I couldn't locate it.

I listened to this the other night and found it really interesting. Discusses laws of rent but also other socio-economic impacts.

Part one (Ep. 434) talks about the end of the city especially in New York. 

46 minutes. Enjoy. 

Link to post
Share on other sites

It's got to be this

https://www.youtube.com/watch?v=02TsXT7cY_Q

Brings to mind a BBC documentary from many years ago called Nightmare in the City that Never Sleeps. It was about the bond strike and black outs in late 1970s New York. Really good, if you can find it. The BBC now block it as it does not fit in with their big government narrative.

Link to post
Share on other sites

Surely as we are all consumers, business moves to where the consumers are....empty flats are not consuming, few tourists are not consuming, working from a distant location is consuming in another place.;)

Link to post
Share on other sites
 

Surely as we are all consumers, business moves to where the consumers are....empty flats are not consuming, few tourists are not consuming, working from a distant location is consuming in another place.;)

Yep and it will move back when they move back 

I suspect the death of cities is a premature obituary 

Link to post
Share on other sites
 

Yep and it will move back when they move back 

I suspect the death of cities is a premature obituary 

Cities are not dead, they are just not as necessary as they once wete, people / businesses will move back when there is something worth moving back for....;)

Link to post
Share on other sites
 

Yep and it will move back when they move back 

I suspect the death of cities is a premature obituary 

 Yes, people will always be pulled into cities. What is interesting about the podcast is that even that US city 'Flint, Michigan' infamous for poisonous tap water is still expensive versus local wages. 

Link to post
Share on other sites
 

Cities are not dead, they are just not as necessary as they once wete, people / businesses will move back when there is something worth moving back for....;)

 These days it isn't so much the work as the social side imho. That said i turned then a career in high finance because i really didn't want to slum it in London. Hopefully that 'You need to be in London' nonsense abates now people see you can work from home.  

I'm really interested to see the impact Elon's 5g satellite cluster has when people can get fast and reliable internet access anywhere. Will people flock to a barn conversion in rural Wales or stay in city centre? 

Link to post
Share on other sites
 

 These days it isn't so much the work as the social side imho. That said i turned then a career in high finance because i really didn't want to slum it in London. Hopefully that 'You need to be in London' nonsense abates now people see you can work from home.  

I'm really interested to see the impact Elon's 5g satellite cluster has when people can get fast and reliable internet access anywhere. Will people flock to a barn conversion in rural Wales or stay in city centre? 

A barn conversion in rural Wales is rather extreme.....look at the more medium sized towns with connection, homes being built on surrounding fields.....places where the traffic still flows, no charge to drive to enter.....new businesses and services popping up to cater for new people....people make their own entertainment.;)

Link to post
Share on other sites
 

A barn conversion in rural Wales is rather extreme.....look at the more medium sized towns with connection, homes being built on surrounding fields.....places where the traffic still flows, no charge to drive to enter.....new businesses and services popping up to cater for new people....people make their own entertainment.;)

Agreed, i was more showing both ends of the scale, central London versus empty valley.

I live in a good sized market town 10 minutes flat easy walk to the centre. Love having so much on my doorstep on one side of the town and literally open fields on the other. The town is a decent night out and has many independent and chain (Cotes etc) restaurants. Very lucky to live here (but i had to work hard and even then buy a wreck and work even harder lol).

I agree the cities aren't dead but i think they'll lose some pricing differential in the coming years..... Just my humble opinion. I think the nice towns that are doable into London for one or two days a week are the winners.

Link to post
Share on other sites
 

Agreed, i was more showing both ends of the scale, central London versus empty valley.

I live in a good sized market town 10 minutes flat easy walk to the centre. Love having so much on my doorstep on one side of the town and literally open fields on the other. The town is a decent night out and has many independent and chain (Cotes etc) restaurants. Very lucky to live here (but i had to work hard and even then buy a wreck and work even harder lol).

I agree the cities aren't dead but i think they'll lose some pricing differential in the coming years..... Just my humble opinion. I think the nice towns that are doable into London for one or two days a week are the winners.

Most towns are doable anywhere for two days a week.....why, it is quicker and cheaper to get to cities and towns in Europe than driving to some cities here.....some people can now work and or entertain themselves almost anywhere.....even on a laptop in the departure lounge.;)

Link to post
Share on other sites
 

And there was me thinking "they" wanted to herd us all in to "smart cities". This exodus from cities seems to buck that trend. 

The 'elite' want the useful people to leave the cities, while the useless remain behind in cities living on UBI. Then they barricade the cities, shut off the UBI and start the Great Cull.

Link to post
Share on other sites
 

The 'elite' want the useful people to leave the cities, while the useless remain behind in cities living on UBI. Then they barricade the cities, shut off the UBI and start the Great Cull.

The elite have all gone off to live in China, right? Isn't that another one of your demented ravings?

Link to post
Share on other sites
 

 These days it isn't so much the work as the social side imho. That said i turned then a career in high finance because i really didn't want to slum it in London. Hopefully that 'You need to be in London' nonsense abates now people see you can work from home.  

I'm really interested to see the impact Elon's 5g satellite cluster has when people can get fast and reliable internet access anywhere. Will people flock to a barn conversion in rural Wales or stay in city centre? 

Think the soviet state of Wales might of made itself a less attractive place for a few years now 😉

Link to post
Share on other sites
 

Think the soviet state of Wales might of made itself a less attractive place for a few years now 😉

I think you're right. Not to mention the locals. There was the video of that ballbag kicking off in Tesco like it's his human right to not be denied the ability to purchase anything. The utter cretin also not wearing a mask... regardless of the discussions on here about them they do make a marginal difference and frankly that's a difference we should all take. 10% here and 5% there gets us to a sensible R value until this vaccine comes out and we can go back to normality.

Wales is lovely but it's also fricking backwards. I guess there's been a brain drain with freedom of movement into what was the economic and military superpower for two centuries. I guess that's why it's cheap. 

Link to post
Share on other sites
 

A barn conversion in rural Wales is rather extreme.....look at the more medium sized towns with connection, homes being built on surrounding fields.....places where the traffic still flows, no charge to drive to enter.....new businesses and services popping up to cater for new people....people make their own entertainment.;)

Ah, the building as people move out, thus turning the places they head to into (smaller) versions of what they left, what a wonderful change :(

Link to post
Share on other sites
 

I think you're right. Not to mention the locals. There was the video of that ballbag kicking off in Tesco like it's his human right to not be denied the ability to purchase anything. The utter cretin also not wearing a mask... regardless of the discussions on here about them they do make a marginal difference and frankly that's a difference we should all take. 10% here and 5% there gets us to a sensible R value until this vaccine comes out and we can go back to normality.

Wales is lovely but it's also fricking backwards. I guess there's been a brain drain with freedom of movement into what was the economic and military superpower for two centuries. I guess that's why it's cheap. 

Totally agree with the mask thing until we have a vaccine simple precautions are the way ahead imho. It is rather like tax saving you do it in 2 and 3% slices the cumulative effect is noticeable 

Link to post
Share on other sites
 

Totally agree with the mask thing until we have a vaccine simple precautions are the way ahead imho. It is rather like tax saving you do it in 2 and 3% slices the cumulative effect is noticeable 

Yep (on the mask and tax front).

Sky Cycling mantra was it's hard to get 10% improvement in one area but easy to get 1% in ten areas. 

Link to post
Share on other sites
 

The 'elite' want the useful people to leave the cities, while the useless remain behind in cities living on UBI. Then they barricade the cities, shut off the UBI and start the Great Cull.

Remember all the new ghost cities in China? Basically brand new, empty cities built from scratch. I think these would make ideal techno-gulags. The allure of the smart cities is sure to be irresistible for many. The tendency towards concentrating humans into small geographical areas is certain to continue.

Link to post
Share on other sites

Most things are actually either cheaper (or more accessible) in cities than in say a village or small town, with the exception of accommodation costs.

Public transport is more widely available, and often good value.

Budget chain shops like Aldi, Poundland, Primark - found in cities not in small places.

 

Link to post
Share on other sites
 

Wales is lovely but it's also fricking backwards. I guess there's been a brain drain with freedom of movement into what was the economic and military superpower for two centuries. I guess that's why it's cheap. 

Yeah, I sense a large minority of Welsh people are scarily parochial and unfriendly, even Cardiff nerds (I went to a Cardiff convention and I bumped into a clique of professional, youngish looking Cardiff people and they didn't want to deal with anybody).

I think the UK's got the problem of its cities inhabited by deeply unpleasant, unsocial people - when trying to engage with a Bristolian or Londoner, you just get a hostile/funny look  (which is why thousands when offered the choice, choose to leave).

Link to post
Share on other sites
 

Ah, the building as people move out, thus turning the places they head to into (smaller) versions of what they left, what a wonderful change :(

Things are forever changing....why shouldn't where you live change?...not all changes are favourable always.

 

Wonder how many Welsh jumped onto a car or on a plane on Friday to spend their lockdown somewhere else less lockdowned.;)

Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
  • Recently Browsing   0 members

    No registered users viewing this page.

  • 439 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.