I was thinking Millennials might be the generation that changes their preference to perpetuate the suburban sprawl but at the need of the day everyone wants a house and a yard in the suburbs. If everyone wants that lifestyle this is what you get and cars made that possible. I thought it was interesting summarizing the reason for increased costs as supply inelasticity, I had always intuitively known it was dumb to blame foreign entities and corporations for increasing prices but didn’t have the formal reasoning
I was thinking Millennials might be the generation that changes their preference to perpetuate the suburban sprawl but at the need of the day everyone wants a house and a yard in the suburbs. If everyone wants that lifestyle this is what you get and cars made that possible. I thought it was interesting summarizing the reason for increased costs as supply inelasticity, I had always intuitively known it was dumb to blame foreign entities and corporations for increasing prices but didn’t have the formal reasoning