Post #10638 by Mark on the Berkshire Hathaway board

Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A) ❤

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<<One of the odd things in the USA is that some of the most dense housing areas are ALSO some of the most expensive housing areas. NYC, urban LA, for examples.>>

It's not so odd

In that case it is at odds with your previous statement of "Needless to say, housing that most folks can afford is somewhat higher density." If dense areas are necessary so that most folks can afford it, but dense areas are among the most expensive, then you are essentially saying that there is no solution to these housing issues. And that was the point I was trying to make.

In London, average house prices around Bond Street Station are about 4.2 times those around Baker Street Station, the next tube stop along.

But neither Bond Street NOR Baker Street are affordable to the median (or even twice the median or even three times the median) wage earner!

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