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acdhayesterday at 11:14 AM2 repliesview on HN

This is complicated, though, by the question of how you get there: suburbs may have lower land prices but everyone buys more of it and needs the expense of having a private car (usually one per adult). In the region where I live, 20-35% of household income is spent on cars and that doesn’t include the expense of the land devoted to them or road maintenance.

If you live in a dense environment where you don’t need a car because walking and transit cover your normal life, recouping that much money often more than pays for the higher cost per square foot of building space.


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mathgeekyesterday at 12:54 PM

> In the region where I live, 20-35% of household income is spent on cars and that doesn’t include the expense of the land devoted to them or road maintenance.

Statistically, a large amount of that is beyond what they need most of the time (whether size, quality, or range).

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mlrtimeyesterday at 11:36 AM

Then you just transfer that money to the landlords, and then remove the flexibility and convenience of leaving that city anytime you want.

30% of New Yorkers spend > 50% of their income on rent.

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