Tuesday, July 10, 2012

Tiebout sure knew what he was writing about

I went to my 35th high school reunion last weekend, in La Crosse, Wisconsin.  It was very pleasant--people were very nice.  But a large number of my classmates were puzzled that I enjoyed living in Los Angeles (OK, Pasadena)--they figured that I lived there only because I had to for my job.  I had to assure them that beyond weather, LA had many attributes that I liked, including the fact that it is a large city.  (I also like the mountains, the ocean, the food, the music, and the wide variety of people).

On the other hand, I always figured that people stayed in La Crosse because of family ties.  While it is a lovely place (it is on a stunning spot on the Mississippi River), it is, well, small, and pretty homogeneous.  It was quite clear to me, however, that the people who stayed there generally enjoyed living there. 

And so we sort.  Having lots of variation in cities almost certainly allows people to be happier, as they (often) find or stay in the place that best suits them. 

Let me finish the post with a picture of a sign one will certainly not see in Los Angeles.


Unknown said...

DAVID LINDAHL says that, Tax Lien or Tax Deed? This query occurs a lot among traders eager in Tax crime real estate investment. What's the distinction between Tax liens and Tax actions and which is better to get in? The response to that query is this, which are you looking to do, earn cash on your money? Or own real estate asset with your cash / investment? If you just want to get the interest amount and charges on your investment then Tax Liens is the best choice.

turesta, said...

It can be described more roughly by the number of rooms. A studio apartment has a single bedroom with no living room (possibly a separate kitchen istanbul real estate).
A one-bedroom apartment has a living or dining room istanbul property separate from the bedroom. Two bedroom, three bedroom, and larger units are common.
(A bedroom is defined istanbul properties as a room with a closet for clothes storage.)

The size of an apartment or house can be istanbul property described in square feet or meters. In the United States, this istanbul real estate includes the area of "living space",
excluding the garage and other non-living spaces. The "square meters" figure of a house in Europe istanbul properties may report the total area of the walls enclosing the home,
thus including any attached garage and non-living spaces, which makes it important to inquire what kind of surface definition has been used.

In recent years, istanbul real estate many economists have recognized that the lack of
effective real estate laws can be a significant istanbul properties barrier to investment in
many developing countries. In most societies, rich and poor, a significant fraction of the total wealth is in the form of istanbul property land and buildings.

In most advanced economies, the main source of capital istanbul real estate used by
individuals and small companies to purchase and improve land and buildings is mortgage loans (or other instruments). These are loans for which the real property
itself constitutes collateral. Banks are willing to make such loans at favorable rates in large part because,
istanbul property if the borrower does not make payments, the lender can foreclose by
filing a court action which allows them to take back the property and sell it to get their money back. For investors, profitability can be enhanced by using an off
plan or pre-construction strategy to purchase at a lower price which is often the case in the pre-construction istanbul properties phase of development.

World Latest News said...
This comment has been removed by the author.