Building infrastructure is expensive. It may or may not be used, and even if used it may not be worthwhile.
R&D for VR is happening regardless, so 0 extra cost or risk.
Would you invest your own money into such a project?
“This is demonstrably false. Honestly the very fact that city rents in many 1st world countries are much higher than rural rents proves that if you reduced the rents more people would migrate to the cities.”
Sure, there is marginal demand for living in cities in general. You could even argue that there is marginal demand to live in bigger vs smaller cities.
This doesn’t change the equation: where are you getting one billion residents—all of Africa? There is no demand for a city of that size.
Would you invest your own money in such a project?
If I were a billionaire I might.
I also have (maybe minor, maybe not minor) differences of opinion with standard EA decision-making procedures of assigning capital across opportunities. I think this is where our crux actually is, not on whether giant cities can be built with reasonable amounts of funding.
And sorry I won’t be able to discuss that topic in detail further as it’s a different topic and will take a bunch of time and effort.
1 is going to take a bunch of guesswork to estimate. Assuming it were possible to migrate to the US and live at $200/mo for example, how many people worldwide will be willing to accept that trade? You can run a survey or small scale experiment at best.
What can be done is expand cities to the point where no more new residents want to come in. You can expand the city in stages.
I don’t think the US wants to triple the population with immigrants, and $200/month would require a massive subsidy. (Internet says $1557/month average rent in US)
How many people would you have to get in your city to justify the progress?
100 Million would only be half an order of magnitude larger than Tokyo, and you’re unlikely to get enough people to fill it in the US (at nearly a third of the population, you’d need to take a lot of population from other cities)
How much do you have to subsidize living costs, and how much are you willing to subsidize?
If I understand correctly it is possible to find $300/mo/bedroom accommodation in rural US today, and a large enough city will compress city rents down to rural rents. A govt willing to pursue a plan as interesting as this one may also be able to increase immigrant labour to build the houses and relax housing regulations. US residential rents are artificially high compared to global average. (In some parts of the world, a few steel sheets (4 walls + roof) is sufficient to count as a house, even water and sewage piping in every house is not mandatory as long as residents can access toilets and water supply within walking distance.)
(A gigacity could also increase rents because it’ll increase the incomes of even its lowest income members. But yeah in general now you need to track median incomes of 1B people to find out new equilibrium.)
Lower/Higher risk and reward is the wrong frame.
Your proposal is high cost.
Building infrastructure is expensive. It may or may not be used, and even if used it may not be worthwhile.
R&D for VR is happening regardless, so 0 extra cost or risk.
Would you invest your own money into such a project?
“This is demonstrably false. Honestly the very fact that city rents in many 1st world countries are much higher than rural rents proves that if you reduced the rents more people would migrate to the cities.”
Sure, there is marginal demand for living in cities in general. You could even argue that there is marginal demand to live in bigger vs smaller cities.
This doesn’t change the equation: where are you getting one billion residents—all of Africa? There is no demand for a city of that size.
If I were a billionaire I might.
I also have (maybe minor, maybe not minor) differences of opinion with standard EA decision-making procedures of assigning capital across opportunities. I think this is where our crux actually is, not on whether giant cities can be built with reasonable amounts of funding.
And sorry I won’t be able to discuss that topic in detail further as it’s a different topic and will take a bunch of time and effort.
Our cruxes is whether the amount of investment to build one has a positive expected return on investment, breaking down into
If you could populate such a city
Whether this is a “try everything regardless of cost” issue, given that a replacent is being developed for other reasons.
I suggest focusing on 1, as it’s pretty fundamental to your idea and easier to get traction on
1 is going to take a bunch of guesswork to estimate. Assuming it were possible to migrate to the US and live at $200/mo for example, how many people worldwide will be willing to accept that trade? You can run a survey or small scale experiment at best.
What can be done is expand cities to the point where no more new residents want to come in. You can expand the city in stages.
Definitely an interesting survey to run.
I don’t think the US wants to triple the population with immigrants, and $200/month would require a massive subsidy. (Internet says $1557/month average rent in US)
How many people would you have to get in your city to justify the progress?
100 Million would only be half an order of magnitude larger than Tokyo, and you’re unlikely to get enough people to fill it in the US (at nearly a third of the population, you’d need to take a lot of population from other cities)
How much do you have to subsidize living costs, and how much are you willing to subsidize?
If I understand correctly it is possible to find $300/mo/bedroom accommodation in rural US today, and a large enough city will compress city rents down to rural rents. A govt willing to pursue a plan as interesting as this one may also be able to increase immigrant labour to build the houses and relax housing regulations. US residential rents are artificially high compared to global average. (In some parts of the world, a few steel sheets (4 walls + roof) is sufficient to count as a house, even water and sewage piping in every house is not mandatory as long as residents can access toilets and water supply within walking distance.)
(A gigacity could also increase rents because it’ll increase the incomes of even its lowest income members. But yeah in general now you need to track median incomes of 1B people to find out new equilibrium.)