When I look at pretty old buildings, what sticks out are hand-molded wrought iron, hand-laid brick quoins, hand-carved window siding, hand-assembled decorative fences — surely, you can see the common factor? So it's cost disease. http://en.wikipedia.org/wiki/Baumol's_cost_disease Modern buildings are made principally of prefabricated components designed to be packaged and shipped efficiently and assembled quickly. Wh…
Not sure where to start debunking this... When you look at old buildings you're automatically starting with survivorship bias. Expensive and well kept old buildings tend to stay around a lot longer than buildings that were built cheaply at the time. Those have all been bulldozed. Oh, did I mention that expensive building was expensive? It's easy to ignore that huge parts of the population were living in houses with p…
This doesn't make any sense. Labor supply obviously scales with population. More people needing housing also means more people available to build housing.