EclectEcon

Economics and the mid-life crisis have much in common: Both dwell on foregone opportunities

C'est la vie; c'est la guerre; c'est la pomme de terre . . . . . . . . . . . . . email: jpalmer at uwo dot ca


. . . . . . . . . . .Richard Posner should be awarded the next Nobel Prize in Economics . . . . . . . . . . . .

Tuesday, August 30, 2005

Poor folk can't afford to live in L.A.

Under the assumption that lower income people are more likely to move themselves using U-Haul, here is some evidence that lower-income people are leaving L.A.
One-Way Trip Price:

Los Angeles to Las Vegas $454.00

Las Vegas to Los Angeles $119.00
The original, quoted by Alex Tabarrok at Marginal Revolution, attributes the difference to California's punitive taxes.

Dontcha think that maybe differential housing costs might also play a role?
Not to mention smog and the threat of earthquakes?
 
Who Links Here