Quote:
Originally Posted by peter12
What?
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Quote:
Originally Posted by puckedoff
I think he is saying that due to market forces, as discretionary income is not used for car purchases/payments by those that live in dense urban areas, more dollars are shifted to other areas such as housing, thus causing an increasing in the price of housing in those areas.
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Correct
Quote:
Originally Posted by peter12
No, it is because downtown areas have enormously revitalized and greater numbers of young people want to live there.
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Yes, and demand pushes up price. And price (in this case, percentage of total expenditure) has been able to rise because the lifestyle allows for other expenditure reductions (i.e. vehicles and their associated expenses)