a substantial share of Americans did want to live in places they could walk around, and some were even willing to give up their cars to do so. The vast subsidy for car parking was just part of the way the deck was stacked in favor of suburban life, from the mortgage interest deduction to biased lending practices to gerrymandered school districts to cheap gas and other unpriced externalities of driving. But in spite of all that, the most expensive places to live in the country were, by and large, densely populated and walkable city neighborhoods. If the market was sending a signal for more of
...more
