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Tuesday, 24 May 2022

[New post] Thinking at the margin

Site logo image Tyler Cowen posted: "So why don't poor Arkansas people currently living in homes move there [California]? Because they'd be homeless. But homeless people in Arkansas are already homeless, so they benefit from all of the positive factors that make LA a desirable place to live," Marginal REVOLUTION

Thinking at the margin

Tyler Cowen

May 24

So why don't poor Arkansas people currently living in homes move there [California]? Because they'd be homeless. But homeless people in Arkansas are already homeless, so they benefit from all of the positive factors that make LA a desirable place to live, without the drawback of paying high prices for an apartment.

That is from Scott Sumner, with much more at the link.  Now can Scott explain why do so many LA apartments come without a fridge? 

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at May 24, 2022
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