According to the textbook,the homes of the wealthy in Seattle average in excess of 10,000 square feet while the homes of the wealthy in New York City average less than 5,000 square feet.The difference is primarily due to

Question

Quizplus · Accepted Answer

The difference in the average size of homes between Seattle and NYC is primarily due to the significantly higher price for land and construction in NYC. Wealthy individuals in NYC have to pay more for space, which results in smaller homes. This is not due to differences in tastes for space or crowding. There is no mention of a ban on construction of new homes in excess of 5,000 square feet in NYC.

According to the Textbook,the Homes of the Wealthy in Seattle