Monday, March 25, 2019

Mobile assets will move to more they are more highly valued

Looks like this is happening in the SF Bay Area:

Despite a booming economy, pleasant climate and natural treasures, nearly two-thirds of Bay Area residents say the quality of life here has gotten worse in the last five years, according to a new poll. 
They cite a litany of reasons: high housing prices, traffic jams, the cost of living and homelessness. It’s so bad that about 44 percent say they are likely to move out of the Bay Area in the next few years, with 6 percent saying they have definite plans to leave this year.

BOTTOM LINE:  In equilibrium, a mobile asset has to be indifferent about where it is used; otherwise, it will move

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