The land we have is always changing, changing, changing
Accessibility is always improving, improving, improving
The change between rent and distance
Is not always linear
Pitfalls
We need to remember that
He assumed isotropic plain
Along with monocentric perception
And linearly changing rents
We have Orchard and Shenton Way
Mixing retail and finance
The model doesn’t work
that well,
And we’re here to make it right
No doubt there’s no (trouble trouble)
When he shows us (numbers figures)
He shows us how bids change
As we go further from the central
His model never saw the East
Never had the social factors
He didn’t think of how housing, retail and utilities could combine
Resolution
Alonso Bid Rent Theory
Yeah, yeah, we’ll, keep the price tag and take the cash back
Just gave me random words and a few lines
And we can keep the colours, leave me the circles
And all I, yes, all I need are curves and percentages
And guess what, in different countries there’ll be different trends
Yeah, we leaving across these undefeatable odds
If we use this, you can't have accurate data
We do this for the data, so we check and regulate every time
So we ain't gon' stumble and fall, instead
we’ll replace those straights with squigglys, uh uh
So we gon' keep everyone moving their feet
So bring back the beat and then everyone sing,
Moshi and Handsome
Assumptions
Its all about the money, money, money
How close you are to the traffic, markets, business
How much profit you’d earn
Depending on where you are
It seems like every land’s got a price
I wonder why they cost so high
When convenience comes first and demand comes second
But that’s Alonso’s theory to you
That the closer you are
The more they're gonna bid
The more you gotta pay
You’re paying for how near you are
It was made in 1960s
Made for the urban cities
He compared the distances from the CBD
And plotted some graphs that show