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@MLD,

I explained above why dense urban housing tends to be more expensive. It costs more to supply. This has absolutely nothing to do with aggregate demand.

Now of course we get to hear *why* it costs more to supply dense urban housing: because urban *land* is massively more expensive than far-flung undesirable places. Which, of course, has absolutely nothing to do with aggregate demand. Somehow.

by oboe on May 30, 2012 12:23 pm • link • report

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