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Strategies & Market Trends : Booms, Busts, and Recoveries
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To: RealMuLan who wrote (53264)9/12/2004 2:17:15 PM
From: Seeker of Truth   of 74559
 
The charms of living and working in a big city:
1. For transportation we can often or even usually use "Number 11 car" as they say in Shanghai dialect, which means the two legs. of else public transportation.
2. The best hospitals are there.
3. The good big libraries are there.
4. The lower cost of heating a city apartment as opposed to a separate country house.
That's the future for most Chinese people and for most of the world. The high price of oil will force acceleration of this change. Most of us will never need cars. The city saves energy. Of course there are investment lessons in all this.
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