From: Robert S. Thau (rst@ai.mit.edu)
Date: Tue Feb 29 2000 - 07:50:13 PST
Dave Long writes:
> TANSTAAFL; the pricing comes in because one tends to pay more in housing
> costs to live in such an area. No need for fluctuating freeway pricing,
> and luckily, most of the population seems to value their marginal leisure
> time very cheaply, so that extra cost is likely to be a bargain.
The housing does cost more, but you also have to figure in the reduced
car-related expenses into the equation (in addition to the value of
the time people spend in cars, which by itself is considerable). This
becomes really significant if your life style allows you to avoid
owning a car entirely; around here, that more than makes up for the
premium in rent...
rst
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