Re:Millennials Flee Vancouver for More Affordable Cities
by rm_-rf_slash on Wednesday March 16, 2016 @10:48AM
(#11297737)
Unfounded all right. Cyclical, more like it. People's tastes change over time. Grandparents liked cities, parents like suburbs, I like cities, and I can't imagine how my kids will feel. Maybe high housing costs will inspire people to live rurally or in exquisite mobile homes driven by computers. Or it will result in a global densification the likes of which we have never truly seen.
In Neuromancer, the Sprawl spanned the entire eastern seaboard and yet the only place with real distinction was Zion - the Rastafarian space station far away from the regular bustle. Things are always in flux.
Maybe it is more of a hope than a belief - but having a decentralized workforce has implications for cost of living and quality of life that are exciting. With (relatively) low-cost mortgages, home purchasing power increases at a non-linear rate, the more money you make. That is one reason why housing demand in cities can grow faster than wages.