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A comment on Who killed the rave? Late-night dancing falls into global decline. Parent comment

Re:Who killed the rave? Late-night dancing falls into global... by smt88 on Wednesday January 08, 2025 @02:23PM (#42637525)
> Given the choice of equal pay, most people would pick a cheap suburban 2000sqft house with a garden for 10% the price of a SF condo.

This already happened during Covid, and no country substantially de-urbanized. In fact, urban real estate prices skyrocketed.

The only cities where prices stayed flat or went down were highly over-priced places that people hated living anyway (like the Bay Area).

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Re:Who killed the rave? Late-night dancing falls into global... by s1artibartfast on Wednesday January 08, 2025 @02:55PM (#42637838)
If we are talking about Tier 1 cities, those are the ones that de-urbanized. Interest rates had a huge impact on prices, but my understanding is that suburban real-estate, especially ones with outdoor attractions skyrocketed as much or more.
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