tag:blogger.com,1999:blog-1141932539860553199.post928394891906895516..comments2024-03-05T10:52:24.691+00:00Comments on Mark Wadsworth: Von Thünen's Theory of RentMark Wadsworthhttp://www.blogger.com/profile/07733511175178098449noreply@blogger.comBlogger11125tag:blogger.com,1999:blog-1141932539860553199.post-65645123357629190152014-12-09T09:42:24.136+00:002014-12-09T09:42:24.136+00:00MW Agreed about 'time'. The electrificat...MW Agreed about 'time'. The electrification of the Norwich / London line saw an increase in commuting from stops further away form London - plus an increase in house prices...Lolahttps://www.blogger.com/profile/04586735342675041312noreply@blogger.comtag:blogger.com,1999:blog-1141932539860553199.post-35917862923720953562014-12-09T07:47:31.055+00:002014-12-09T07:47:31.055+00:00D, LB, that is another possible explanation - tran...D, LB, that is another possible explanation - transport costs are no longer falling. <br /><br />But I don't think that the cash cost of travelling is that important - what is more important is TIME, and as transport is not getting quicker (more traffic jams etc), the effective cost of travel is going up.Mark Wadsworthhttps://www.blogger.com/profile/07733511175178098449noreply@blogger.comtag:blogger.com,1999:blog-1141932539860553199.post-86263041449108038882014-12-08T23:48:25.762+00:002014-12-08T23:48:25.762+00:00I saw that article also Derek. The title to their...I saw that article also Derek. The title to their conclusion was bleakly hilarious: "Ricardo might have been right."<br /><br />Well, you don't say. It took this long for a self-evident, prescriptive and immutable LAW of economics (the Law of Rent) to be declared maybe right.<br /><br />In other news, 2+2=4 might also be right.Logan Boettcherhttps://www.blogger.com/profile/10496579806563196233noreply@blogger.comtag:blogger.com,1999:blog-1141932539860553199.post-55765280541998467332014-12-08T22:57:08.910+00:002014-12-08T22:57:08.910+00:00Good stuff. And on a related topic, here's ano...Good stuff. And on a related topic, here's <a href="http://www.voxeu.org/article/home-prices-1870" rel="nofollow">another article</a>, which also points to falling transport costs as the reason that house prices didn't start rising until the late 20th century. Doesn't mention von Thünen but it probably should have.Derekhttps://www.blogger.com/profile/06296053477905542366noreply@blogger.comtag:blogger.com,1999:blog-1141932539860553199.post-31244660729606975952014-12-08T16:53:59.942+00:002014-12-08T16:53:59.942+00:00B. Or they are getting ready for 'retirement&...B. Or they are getting ready for 'retirement'?Lolahttps://www.blogger.com/profile/04586735342675041312noreply@blogger.comtag:blogger.com,1999:blog-1141932539860553199.post-69520787795705774962014-12-08T16:38:37.924+00:002014-12-08T16:38:37.924+00:00They want to be beside a bit of the sea that isn&#...They want to be beside a bit of the sea that isn't the Thames estuary?Bayardhttps://www.blogger.com/profile/15211150959757982948noreply@blogger.comtag:blogger.com,1999:blog-1141932539860553199.post-15899023353806360952014-12-08T12:01:51.990+00:002014-12-08T12:01:51.990+00:00LF / MW. Their spouses tell them that's where...LF / MW. Their spouses tell them that's where they are going to live?Lolahttps://www.blogger.com/profile/04586735342675041312noreply@blogger.comtag:blogger.com,1999:blog-1141932539860553199.post-26149326790636421802014-12-08T12:00:50.403+00:002014-12-08T12:00:50.403+00:00MW.
Well, yes - ish. I can also access London in...MW.<br /><br />Well, yes - ish. I can also access London in accordance with VT formula since I can maximise 'P' to London rates less a bit. And I can select when I journey to London. What VT didn't have was IT and telephony etc. This enables me to locate somewhere with low rents but access business in an area with high rents, in the sense I don't go there until I have worked out that it will be profitable.<br /><br />Going back to the formula I had observed this in the structure of Suffolk market towns which are each about 12 miles apart. This being precipitated by the distance it is feasible to drive stock to market in a day and get back, which is about 6 miles each way.<br /><br />I wonder whether being able to work on the train (IT again) slightly modifies his formula?Lolahttps://www.blogger.com/profile/04586735342675041312noreply@blogger.comtag:blogger.com,1999:blog-1141932539860553199.post-41695197338463140072014-12-08T08:15:47.579+00:002014-12-08T08:15:47.579+00:00L, that's all fine, but you also restrict your...L, that's all fine, but you also restrict your customer base. <br /><br />LF, your guess is as good as mine. People like that baffle me, but it's a free world.Mark Wadsworthhttps://www.blogger.com/profile/07733511175178098449noreply@blogger.comtag:blogger.com,1999:blog-1141932539860553199.post-71196999916577370852014-12-08T08:07:40.095+00:002014-12-08T08:07:40.095+00:00On the question of commuting. Why do you think pe...On the question of commuting. Why do you think people do uneconomic commutes? E.g. Brighton to London (some suburbs of London are cheaper than Brighton).L fairfaxhttps://www.blogger.com/profile/12274756119129254373noreply@blogger.comtag:blogger.com,1999:blog-1141932539860553199.post-62951276883820825172014-12-07T18:45:56.678+00:002014-12-07T18:45:56.678+00:00This commute time opportunity cost thingy is exact...This commute time opportunity cost thingy is exactly why I decided to develop my business in Suffolk where I can commute to work in 15 minutes.Lolahttps://www.blogger.com/profile/04586735342675041312noreply@blogger.com