Quote:
Originally Posted by LouisVanDerWright
Actually it will help when Lincoln Park and other areas (wicker, Logan, etc) become an ultra vibrant integrated entertainment district for the region. Rich people can live in uppity suburbs in any city, even small places like Detroit or Milwaukee. There are very few places like the city of Chicago between downtown, the lake, Belmont, and Milwaukee.
As I say over and over again, it is not a zero sum game. Moving all these people in from the suburbs into close proximity to one another creates more amenities for them which creates more jobs and also makes the area even more appealing to wealth. Moving all these people into close proximity to one another gets them in contact with one another (at the local amenities) which means more business deals get done, more innovation occurs, instead of everyone pulling into their shitty suburban garage at 5PM every night and checking out. All of these movers and shakers living in Lincoln Park or Wicker Park means 30 or 45 minutes each way more time in each of their lives. That's more time to work, more time for family, more time to spend. More efficient.
No, it's not at all zero sum, not in the slightest. All of these effects are exponential because each amenity that opens up has a non-zero effect on the desirability of the area and in turn has a non zero effect on demand for more amenities (i.e. they employ people who will then spend some of their money going to other shops or restaurants or who may in turn advance their careers and open another shop or restaurant or even innovate and build on what they learned creating new categories of entertainment or dining).
So no, stop calling it zero sum because it certainly is not.
|
You clearly just don't get what I mean when I state 'zero sum game'.
Yes, it feels good to say this, but at the end of the day I'm so far only seeing evidence that luxury condos downtown are making it hard for luxury property to sell elsewhere. It's a zero sum game in the sense that the
property tax pool still stays the same, just shifting. Kinda a key issue here when we've got a bankrupt State.