Rents in many cities are high and rental properties are becoming increasingly difficult to afford. One exception to this is Montreal, where “average rent for a two-bedroom apartment in the Montreal metro area is $760. The Toronto average is $1,288. In Vancouver, it’s $1,368.” Why is that? Well there are a number of reasons, but as this The Globe and Mail point out, a key reason is the basic economics of supply and demand. But there is more to it that just that, and I’d recommend you read the piece to find out why.
I’m not sure if other expensive cities can replicate this, but it’s worth knowing it can be done and using this knowledge in cities where politicians and others try to limit rental stock.
The migration from rural to urban areas is going to continue for some time. People need more places to live. Let’s hope other cities can learn from Montreal.
(Quote from the article, image from Wikipedia)
I’ve loved the work of Robert Montgomery for some time. One of my favorite works of his is this:
You can see many more of his work at his site, here: ROBERT MONTGOMERY.
Worth a visit.
Posted in art, new!
If you want to go to Paris and have little money or little time, then the New York Times has two pages of information that might help:
- 36 Hours on the Left Bank, Paris – The New York Times
- Hotels in Paris for Under $150 – The New York Times
If you go after reading this, send me a postcard. 🙂
P.S. If you are in the mood for dreaming about going to France, here’s a bonus link from Decanter magazine: Château accommodation in Bordeaux: Living the dream
(Photo, by Ed Alcock, via a link to the page of The New York Times)
Dante’s Inferno is made greater by the illustrations of Gustave Doré’s illustrations of the work. You can find a number of his work over at this page of Brain Pickings, including this one:
This is a fascinating piece: The 10 greatest changes of the past 1,000 years | Books | The Guardian. It’s easy to argue that additional things should be added (e.g. emancipation) and things should be deleted or modified (I would replace “Columbus” with “Explorers”). Indeed, one of the things that makes such lists enjoyable to read and think about is how you would change it. As it is, it’s a pretty good list, and in line with what you see in other works that span time like this (e.g. “Sapiens” by Yuval Noah Harari).
If you liked reading that list, you may like “Sapiens” too. I’d also recommend The BBC’s History of the World in a 100 Objects.
Often times it is hard to appreciate the work of Nobel Prize winners, including those in Economics. Thaler is not one of those people. His work is very approachable for laypeople, and the benefits of his work is obvious.
Here’s one example, of how his work led to better results for people in terms of pensions.
Youtube is a great source of videos on Thaler. If you want to get started understanding what is behind his thinking, you can start there.
In addition, the New York Times covers his award winning here and it is another good introduction. Finally, here is a piece in the Times that Thaler wrote himself, on the power of Nudges. If you do anything, read that.
Good to see him win.