How do home prices tell us that? Just because the price of an orange is higher than the price of an apple doesn’t mean we’d be better off with more oranges and fewer apples.Also, these productivity claims seem to be based on wage and income data and don’t take into account differences in the cost of living. How am I better off in a denser city if, say, wages are 50% higher but the cost of living is 60% higher? |