I have happened upon something really interesting which I think corroborates my point about high price/rent ratios and may resolve some other mysteries.
This one definitely had “do you really understand it if you can’t figure out how to explain it” vibes well after I had started writing it. Even still, I suspect there is some visualization that makes all these points that I haven’t thought of.
One of the biggest and critical density amenity value is access to (better) employment opportunities. It could be that this is declining in both rich and not rich, for different reasons. In the rich dense zips, remote work has reduced the density value. In the poor dense zips, service job opportunities have declined with less office occupancy (as a significant portion of the services is to office workers). Food for thought.
Very wonky, but you made it understandable, thank you.
Thank you!
This one definitely had “do you really understand it if you can’t figure out how to explain it” vibes well after I had started writing it. Even still, I suspect there is some visualization that makes all these points that I haven’t thought of.
One of the biggest and critical density amenity value is access to (better) employment opportunities. It could be that this is declining in both rich and not rich, for different reasons. In the rich dense zips, remote work has reduced the density value. In the poor dense zips, service job opportunities have declined with less office occupancy (as a significant portion of the services is to office workers). Food for thought.
I enjoyed your journey through the weeds.
Good point!