I focused on mobility and the decades of decision-making excluding economic activities in black neighborhoods. St. Louis' urban planning has been atrocious with the spatial distribution of medical facilities, public education, etc. for black Americans. The social stigmatism can't be ignored either. Ugh. There's just so many factors.
Inflation and stagnant wages impact affordability as well, but obvs economics is extremely complex. I realize now, our definition of regulation and deregulation vary, but I am referring to the taxes, fees, and pricing when I mention regulation and deregulation. Ugh. I really miss communicating in person.
Land use like industrial agriculture is among the major issues we face. Developing solutions to feed society via numerous small plot farms needs investment/support. I am trying to be more positive (honestly), but Covid has clearly displayed the mess we're in and it's difficult to see the positives of our historical decision-making.
Anyway, have you been to Australia? Melbourne's housing market is absolutely absurd. The home I rent is $2100/month, yet to buy it would sell near S2 million... pre-Covid I imagine much more. This house is freezing in winter, hot in summer, cracked from the land moving, lacks proper heating and cooling, and essentially not worth $2 mill, but urban spatial planning decided (society as well I presume) there'd be one CBD in the city, so we are handcuffed. When I take my partner to Los Angeles where I'm from, he is bemused there's business districts scattered throughout the region. Imagine if LA had one CBD and everyone commuted to it daily. JEEZ.