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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Elroy Jetson who wrote (62706)4/25/2005 9:42:09 AM
From: Moominoid  Read Replies (1) of 74559
 
Elroy - Don't get me wrong, I am an environmentalist and in favor of planning to some degree. I also lived in an overplanned deliberately sprawling city: Canberra. As an environmental economist/geographer I like to point out that often things have costs. Sometimes there are win win results but not always.

There is a deliberate policy to place agricultural preserves around each town. Towns cannot sprawl out into each other replacing farmland.

You seem to be saying here that this leads to higher costs as I suggested?

Munich is much smaller than Los Angeles or New York in population... Only London and Paris in Western Europe (maybe the Ruhr too) get anywhere near the population levels.

If planning regulation is constant over time then we couldn't identify its effects on prices in a single location like LA. And then income and interest rates will dominate over the short-run at least. Over the long-run the increasing city size would ahve an effect?

What surprised me recently is the prices in small villages in the eastern Netherlands. Seemded a long way from the big cities in the western Netherlands. A friend who lived there moved over the border to Germany and a longer commute because of it. (now she moved to the place with maybe the second highest house prices in America :)).
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