[PREV - EDGE_CITY]    [TOP]

ILLEGAL_LANDS

                                              February 10, 2007

                                              EDGE_CITY

   Going by rents and housing
   prices, places like New York and
   San Francisco would seem to meet
   with the approval of many people.

   They're in high demand, so the
   market should supply *more* of
   them, right?

   But it can't: the buildings
   there are too close together
   for code; the businesses
   that exist there couldn't be
   created now without the
   legally demanded acres of parking.

   The cities of our grandfather's
   era can only exist where they've
   been grandfathered in.








--------
[NEXT - NOWHERE_MAN]