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by grassclip 4755 days ago
Interesting about the north and south discrepancies where they say that property is more valuable on the north side of town. I was just thinking about this in terms of how cities are laid out. The two cities I know are Milwaukee and Chicago and it is pretty obvious that the north sides of each of them are way more affluant than the south. Any other examples of this or am I off base?
3 comments

DC as well, although there are dozens of historical accidents in how its borders came to be.

Counter-examples are St. Louis and (I think) Minneapolis.

What about in other climates/non-western cities? Does north/south apply in Sydney? Beijing?

Minneapolis

Yes, Minneapolis is a correct counterexample. What matters most for house prices in the Twin Cities is nearness to lakes. North Minneapolis has few lakes, the highest crime rate in the city (with a murder rate far higher than, for example, New York City), and blighted public schools. Southwest Minneapolis (same municipal government and same public school district) is a desirable neighborhood near lakes with a lot of high-income residents and a high school that is a feeder school to the Ivy League.

Counterexample: the northernmost part of New York City is the Bronx, which is far from the priciest. (Inwood, the northernmost part of Manhattan, also isn't as expensive as portions of the island to the south.)
Atlanta and Boston would be two more examples.
Ditto London