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Economic growth without a civic plan creates huge bubbles. The second growth slows in Seattle I can’t help but think the market will be flooded with units from
by taurath 8y ago
Economic growth without a civic plan creates huge bubbles. The second growth slows in Seattle I can’t help but think the market will be flooded with units from people wanting to finally get out at the peak.
- closeparen 8y agoYou say this like it’s a drawback. “Flooded with units” would be amazing and it’s exactly the condition YIMBYs are trying to engineer, because being “flooded with units” (relative to current population) is affordability.
- taurath 8y agoI did not mean to imply that! I’d love it in fact.
- Spooky23 8y agoOr the hood. I remember driving through the Bronx with my dad in the 80s when he worked there. It looked like a war zone. Bubbles tend to pop, and bankrupt buildings get boarded up, not cheaper.
- pcwalton 8y agoIf that were true, downtown Detroit would still be as expensive as it was during the American auto boom.
- Spooky23 8y agoDetroit is a failed city. Half the city was abandoned and much of it burnt to a crisp.
- closeparen 8y agoAnd then get picked up cheap and renovated by the young in the next cycle amid condemnation of the tragic gentrification destroying a working-class haven.
- BurningFrog 8y agoThat was also a time of insane crime rates in NYC. People left to survive. This discussion reminds me of people who dare not go to the gym because they're afraid of getting unsightly muscles. We're so very far from what you fear!