Thursday, July 06, 2023

Is Spokane really one of the best places to live?

My wife's sister lives there.  I went to graduate school not too far away at Washington State University in Pullman. But I am always skeptical of these types of rankings, as explained below.

Click on this link to see the story from livability.com. Excerpt:

"Surrounded by the stunning beauty of the Inland Northwest, Spokane offers abundant outdoor activities, a friendly community and excellent educational opportunities. Affordability is a priority here, and Spokane is one of the most affordable cities on the West Coast."

The economist Steven Landsburg gave this definition for the "Indifference Principle." "Except when people have unusual tastes or unusual talents, all activities must be equally desirable"  (from his book "The Armchair Economist").

We could also say that all places to live will be equally desirable. If a city has a high quality of life, then more people want to move there. But that raises prices (like housing, for instance). Then it costs more to get those extra benefits from the quality of life. As more people move there, prices keep rising and eventually all the extra benefits are completely offset by the higher cost of living).

It would work in reverse. If a city is really bad, then some people leave and then congestion and prices fall so that it is not so bad anymore.

Related posts:

Real estate agents on YouTube have called San Antonio the 'worst city in the U.S.' (Acase of the Indifference Principle?) (2022)

The Indifference Principle Comes To San Antonio (2021)

San Antonio cracks top 25 on U.S. News and World Report's "Best Places to Live" (2017)

What Is Is the Richest City in America? (2015)

North Dakota Is Number One!  (2011)

Can Some Places Really Be The "Best" Places To Retire To?  (2011)

The Top Budget Vacation Spot Is...Austin, Texas!? (2009)

There's No Such Thing As A Free Lunch (Or A Free Concert)
(2008)

America's Most Affordable Places to Retire  (2008)

The 10 Most Affordable Housing Markets (2008)

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