transit increases the maximum allowable density before prices increase because it decreases travel times but w/o transit and with low zoned density (any metro in the sunbelt except LA), you’re going hit a threshold where prices start to tick up because there’s competition for low commute times
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This seemed like an efficient tax that would reduce the incentive for people to block new housing.
This showed I had the reasoning exactly wrong, low housing prices *caused* high property taxes.
There's an agglomeration penalty from sprawl but it's overstated IMO. Weakly centered cities like LA can still have strong network effects.