{"id":9205,"date":"2013-07-08T09:00:40","date_gmt":"2013-07-08T13:00:40","guid":{"rendered":"http:\/\/www.Centives.net\/S\/?p=9205"},"modified":"2013-07-07T22:41:30","modified_gmt":"2013-07-08T02:41:30","slug":"why-traffic-is-actually-a-real-estate-problem","status":"publish","type":"post","link":"http:\/\/www.Centives.net\/S\/2013\/why-traffic-is-actually-a-real-estate-problem\/","title":{"rendered":"Why Traffic Is Actually A Real Estate Problem"},"content":{"rendered":"<p style=\"text-align: center;\"><img loading=\"lazy\" decoding=\"async\" alt=\"\" src=\"http:\/\/www.Centives.net\/S\/wp-content\/uploads\/2013\/07\/070713_0503_WhyTheTraff1.jpg\" width=\"639\" height=\"425\" \/><\/p>\n<p>With yet another post on the <a href=\"http:\/\/www.centives.net\/S\/tag\/trafficonomics\/\">economics of traffic<\/a> it would appear that many economists should instead have studied urban planning. Alain Bertaud explained why traffic is mostly a result of mis-allocated real estate:<\/p>\n<ul>\n<li>A car on the street can consume anywhere between 14 and 65 square meters of street depending on the speed it is travelling at.<\/li>\n<li>In cities these cars are occupying valuable real estate\u2026yet they don&#8217;t really pay for the land they occupy.<\/li>\n<li>This is, in part, the reason for traffic. If motorists had to pay the market price for the real estate they occupy while they&#8217;re driving, there wouldn&#8217;t be any congestion.<\/li>\n<li>In parts of Manhattan, for example, roads take up 36% of the available land \u2013 since motorists don&#8217;t pay the market price for it, this valuable land is inefficiently distributed.<\/li>\n<\/ul>\n<p>Read more over <a href=\"http:\/\/urbanizationproject.org\/blog\/transport-is-mostly-a-real-estate-problem-2\/\">here<\/a>.<\/p>\n<p>Source: <a href=\"http:\/\/urbanizationproject.org\/blog\/transport-is-mostly-a-real-estate-problem-2\/\">Urbanization Project<\/a><\/p>\n<p>Via: <a href=\"http:\/\/marginalrevolution.com\/marginalrevolution\/2013\/07\/the-opportunity-cost-of-streets.html\">Marginal Revolution<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>With yet another post on the economics of traffic it would appear that many economists should instead have studied urban planning. Alain Bertaud explained why traffic is mostly a result of mis-allocated real estate: A car on the street can consume anywhere between 14 and 65 square meters of street depending on the speed it [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":9204,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[60],"class_list":["post-9205","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-daily-bulletin","tag-trafficonomics"],"jetpack_featured_media_url":"http:\/\/www.Centives.net\/S\/wp-content\/uploads\/2013\/07\/070713_0503_WhyTheTraff1.jpg","_links":{"self":[{"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/posts\/9205","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/comments?post=9205"}],"version-history":[{"count":3,"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/posts\/9205\/revisions"}],"predecessor-version":[{"id":9214,"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/posts\/9205\/revisions\/9214"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/media\/9204"}],"wp:attachment":[{"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/media?parent=9205"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/categories?post=9205"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/tags?post=9205"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}