Re:Change My Mind: Density Increases Local but Decreases Glo...
by pdimitar on Tuesday May 02, 2023 @07:38AM
(#35786020)
> Instead you'd have a situation like Tokyo where housing prices don't rise.
Agreed, that's what I am arguing for in fact. Prices either rise or stagnate, but for them to actually drop... it takes a while until the people who are very invested in the constant growth of the market to realize things don't always work that way, and correct their prices more in tune with reality.
Again though, it takes a long time.
> They are alluding to suburban rather than rural migration.
Ah, fair. Suburban living was economically viable for one brief dreamy moment in time but I am afraid it has not been that for a few decades now.
Agreed, that's what I am arguing for in fact. Prices either rise or stagnate, but for them to actually drop... it takes a while until the people who are very invested in the constant growth of the market to realize things don't always work that way, and correct their prices more in tune with reality.
Again though, it takes a long time.
> They are alluding to suburban rather than rural migration.
Ah, fair. Suburban living was economically viable for one brief dreamy moment in time but I am afraid it has not been that for a few decades now.