Arpit Gupta(@arpitrage):People often compare Atlanta pejoratively to Barcelona, but: • Atlanta has a TFR of 1.6-1.7, Barcelona is 1.08. Barcelona is halving every generation • Rent-to-income rates are ~30% in Atlanta, but seem to be higher in Barcelona • Atlanta GDP/capita $75k; Barcelona $44k

Arpit Gupta

@arpitrage

In DC Sep-Dec 2026 Associate Professor of Finance, @NYUStern. Finance/Real Estate/Urban newsletter:

Joined September 2015

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Arpit Gupta@arpitrage

2026.08.17 15:34

People often compare Atlanta pejoratively to Barcelona, but: • Atlanta has a TFR of 1.6-1.7, Barcelona is 1.08. Barcelona is halving every generation • Rent-to-income rates are ~30% in Atlanta, but seem to be higher in Barcelona • Atlanta GDP/capita $75k; Barcelona $44k