> Why are you bringing cities into this anyway? Makes no sense at all...
> That still doesn't have anything to do with the discussion.
Cities often act like businesses. In the U.S. cities even incorporate, just like businesses do. The "shareholders" of a city are usually its property owners who vote for city leaders who implement supply-side policies that raise property values and rents in the city, such as zoning restrictions, and demand-side policies like concentrating services, as the previous commenter mentioned. If the city is the leading commercial city in a country, it may even influence central government immigration policies, which can further increase demand for property, a.k.a. the city's "shares".
It makes a lot of sense and has everything to do with the discussion.
> That still doesn't have anything to do with the discussion.
Cities often act like businesses. In the U.S. cities even incorporate, just like businesses do. The "shareholders" of a city are usually its property owners who vote for city leaders who implement supply-side policies that raise property values and rents in the city, such as zoning restrictions, and demand-side policies like concentrating services, as the previous commenter mentioned. If the city is the leading commercial city in a country, it may even influence central government immigration policies, which can further increase demand for property, a.k.a. the city's "shares".
It makes a lot of sense and has everything to do with the discussion.