quote:

Originally posted by blenderx lol i'm sure over time supply and demand was responsible for drawing people to the city. you just don't get it though. SURE there is more "demand" because of all the factors I mentioned. Demand is simply a numbers thing, it just means more people want to live in the city. It incorporates all those factors because it just incorporates them as statistics. More people living in New York because it has been a center of the country is taken as just that, more people, and more demand. that's why demand, or prices, isn't an accurate depiction of what is better. and like i said, they are two separate housing markets, and not as comparable as you think.

No bro, you don't get it. Supply and demand isn't simply a numbers thing. It's the graphical representation of REAL life. It's just an easy way to show what's occurring.

NYC (BK and other boroughs included) has a greater supply of housing. It also has a greater demand. Not surprisingly, it also has higher prices. That shows that the high prices of NYC(including outer boroughs) housing compared to NJ housing isn't a result of low supply. So it means something else is going into it; That's where preference comes into play. And yes, generally speaking, supply, demand, and prices are the best indications of which place is better. (of course this is generally speaking) Seriously bro, read some books.

quote:

Originally posted by blenderx lol nah never been there. your queens bias is utterly apparent, it gives less credibility to your posts in this thread.

The only thing apparent is that fact that you're off to a great start on TA......you fit right in and will gain many friends from here on out.

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quote:

Originally posted by jerZ07002 No bro, you don't get it. Supply and demand isn't simply a numbers thing. It's the graphical representation of REAL life. It's just an easy way to show what's occurring. NYC (BK and other boroughs included) has a greater supply of housing. It also has a greater demand. Not surprisingly, it also has higher prices. That shows that the high prices of NYC(including outer boroughs) housing compared to NJ housing isn't a result of low supply. So it means something else is going into it; That's where preference comes into play. And yes, generally speaking, supply, demand, and prices are the best indications of which place is better. (of course this is generally speaking) Seriously bro, read some books.

Don't waste your breath James...He knows less about housing markets than he does about edm...

___________________

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quote:

Originally posted by steven-neil Don't waste your breath James...He knows less about housing markets than he does about edm...

next he's going to tell us to invest in subprime loans.

quote:

Originally posted by jerZ07002 No bro, you don't get it. Supply and demand isn't simply a numbers thing. It's the graphical representation of REAL life. It's just an easy way to show what's occurring. NYC (BK and other boroughs included) has a greater supply of housing. It also has a greater demand. Not surprisingly, it also has higher prices. That shows that the high prices of NYC(including outer boroughs) housing compared to NJ housing isn't a result of low supply. So it means something else is going into it; That's where preference comes into play. And yes, generally speaking, supply, demand, and prices are the best indications of which place is better. (of course this is generally speaking) Seriously bro, read some books.

Demand is composite function of so many different factors...

Just because a shitload of people come to New York because there is work, that makes it better than new jersey?

quote:

Originally posted by vtec junkie The only thing apparent is that fact that you're off to a great start on TA......you fit right in and will gain many friends from here on out.

lol i've actually met/saw a lot of you at love when thrillseekers was there

quote:

Originally posted by blenderx lol i've actually met/saw a lot of you at love when thrillseekers was there

I'm having great fun with you,,keep up the good work...So how much did you pay for your house ?????.....

___________________

Sunnysideup Presents 16 Bit Lolitas @ Underbar Boston 04/23
Sunnysideup Presents Nic Fanciulli @ Studio B Brooklyn 06/20
Sunnysideup Presents Rhode Kill 18/19/20 July
website-myspace-[email protected]

lol why would i answer that

quote:

Originally posted by blenderx lol why would i answer that

youre the one saying put your money where your mouth is..i assume you do own your own house even though you know very little about the market...your argument must be based on personal experience surely...

___________________

Sunnysideup Presents 16 Bit Lolitas @ Underbar Boston 04/23
Sunnysideup Presents Nic Fanciulli @ Studio B Brooklyn 06/20
Sunnysideup Presents Rhode Kill 18/19/20 July
website-myspace-[email protected]

quote:

Originally posted by blenderx Demand is composite function of so many different factors... Just because a shitload of people come to New York because there is work, that makes it better than new jersey?

no, but employers don't blindly locate their business in a location. They do so with the intention of attracting people to work there (or get tax incentives, etc....). But since NYC expenses are so great, it is a reasonable assumption to think businesses locate in NYC to attract people who are otherwise attracted to NYC. NYC doesn't do that much to attract employers; the state and city have high corporate, personal, and property taxes, and a shitty credit and incentives program. That alone is enough to drive businesses away, but nevertheless they stay because the people want to live here.

At the same time, the aggregate will of the people could demand employers to relocate in NJ, but that simply doesn't happen. Additionally, people who work in NYC can easily live in NJ, and create sufficient demand to top the prices in NYC. That doesn't happen. I don't understand how you can't understand this. This shit is basic logic.

Lastly, i don't know why you keep saying demand is a composite function, NO SHIT! That composite function is mostly the will of people. Any component function of demand you can pull from the equation i'm sure i can attribute it back to the desire of the people to live in NYC (BK included).

quote:

Originally posted by jerZ07002 no, but employers don't blindly locate their business in a location. They do so with the intention of attracting people to work there (or get tax incentives, etc....). But since NYC expenses are so great, it is a reasonable assumption to think businesses locate in NYC to attract people who are otherwise attracted to NYC. NYC doesn't do that much to attract employers; the state and city have high corporate, personal, and property taxes, and a shitty credit and incentives program. That alone is enough to drive businesses away, but nevertheless they stay because the people want to live here. At the same time, the aggregate will of the people could demand employers to relocate in NJ, but that simply doesn't happen. Additionally, people who work in NYC can easily live in NJ, and create sufficient demand to top the prices in NYC. That doesn't happen. I don't understand how you can't understand this. This shit is basic logic. Lastly, i don't know why you keep saying demand is a composite function, NO SHIT! That composite function is mostly the will of people. Any individual function of demand you can pull from the equation i'm sure i can attribute it back to the desire of the people to live in NYC (BK included).

Hey buddy you can incorrectly use and apply as many economic principles as you want. NO respectable economist would make so bold a statement to say that new york is better than new jersey based simply on economic data.

Especially because "better" is subjective. Supply and demand always ensures the most efficient outcome occurs. That's not always the best. And what you say is better is different than what I say.

By your logic, more demand for swiss as opposed to gouda cheese means gouda is better? A disparity in preferences does not reveal which is better.

Last edited by blenderx on Oct-25-2007 at 06:07