The most direct evidence to date on the city-wide effects of upzoning. TLDR: Auckland grew a lot.
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The boom was led by townhouses in the near suburbs.
Seems they are reversing course already
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Narrative violation: Gen Z has the highest consumer confidence. Gen X and Boomers are the pessimists.
I do feel that undercuts many of the material explanations for the vibecession, insofar as uniquely awful economic conditions for young people are a main driving force.
In Geneva you need a doctor's prescription to be allowed to install an air conditioner.
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Atticus
@redl3tters
One of my business school friends comes from a wealthy Swiss banking family and lives in the ritzy part of Geneva where the average house is in the tens-of-millions range.
When I visit, I stay in his guest room and sweat profusely at night because, for all their wealth, these x.com/porkchop_exp/sโฆ
Iโm surprised just how many people are willing to look me straight in the eyes and say the current economy is worse than the Great Recession
> economics grad students are essentially being radicalized into anti-rent-seeking jihadists
GIF
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๐๐ฝ๐ฉ
@mean_field_zane
Economists are already writing about this. Current generations of economics grad students are essentially being radicalized into anti-rent-seeking jihadists by Acemoglu, Friedman, Mokyr, Stigler, Glaeser, and Hsieh. It is glorious. x.com/andrewdamitio/โฆ