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2 votes

Is it better for low-income people to live in the countryside where it's cheap or in the city where there are more services?

It depends on what conveniences the individual is willing to live without or whether they can be relatively self sufficient or not. Living in remote areas entails a certain amount of self sufficiency, ...
Costillo's user avatar
1 vote

Why aren't more cities privately owned by a single company

Well, there used to be more privately owned cities in America and Europe (and their foreign colonies), these were the company towns. Owners of factories, mines and mills would sometimes create these ...
Costillo's user avatar
0 votes

Are expensive cities economically threatened by an inability to house low-income workers?

Using the principle of supply and demand, it logically follows that the cost of living in a city where the majority of households are higher income should be higher. So long as land allows and ...
Costillo's user avatar
0 votes

Why aren't more cities privately owned by a single company

Fundamentally, most cities tend to provide public goods, e.g. roads. These leads to a positive externality. That means, the good is under-provided. That means there is a role for government to provide ...
BB King's user avatar
  • 6,238
2 votes

Why do people not all live right on top of each other in monocentric city model?

The reason people do not all live on top of each other in the monocentric city is that people can attain the same level of utility further away from the city center by enduring higher transportation ...
Jesper Hybel's user avatar
  • 3,466
0 votes

Why is imputed rental income for owner-occupied housing included in the measurement of household income?

Taxing the potential income an asset could bring in when in fact, the owners are currently not making money off of that asset, sounds a lot like a wealth tax to me. A lot of countries have tried ...
Costillo's user avatar
0 votes

What would be the economic impact of disallowing the renting of housing?

Outlawing renting would be a disaster for the economy and moreover, banning landlords from renting out their properties wouldn't reduce economic inequality. For starters, not everyone who rents an ...
Costillo's user avatar
0 votes

If rent control "doesn't work" and supply induces demand, how can cities improve affordability?

What cities ought to do if they really want housing to be affordable to practically everyone possible, is to relax some of the restrictions that stifle new builds and ban density. That way, builders ...
Costillo's user avatar
0 votes

Owner occupied public housing

In Singapore, the term "public housing" implies the government is the developer, not necessarily the landlord. It's similar to how some people in the United Kingdom own former council ...
Costillo's user avatar

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