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An unwelcome side effect is that incoming city dwellers can push up prices for people already in these small towns who don’t have the option to relocate.
by wayanon 8y ago
An unwelcome side effect is that incoming city dwellers can push up prices for people already in these small towns who don’t have the option to relocate.
- claydavisss 8y agoThis could be said about Sunnyvale, Cupertino, Santa Clara also...
- dahdum 8y agoIt's a welcome side effect for local business and city services, as well as helping smooth out geographical income inequality. Small towns usually have short commutes, so it's not the same type of issue as places like Denver.
- jseliger 8y agoThat is typically an issue with zoning, not people moving there: https://www.vox.com/cards/affordable-housing-explained/what-is-zoning-euclidian-form-based-and-other-kinds https://www.vox.com/cards/affordable-housing-explained/what-.... Even most small towns prevent reasonably-priced housing via height minimums, lot setbacks, and parking minimums. The cost of housing is set by supply and demand; allow supply to increase and prices will moderate.
- UncleEntity 8y agoOr...people wanting to buy up their homes in "this little dead-end town" allow them the opportunity to fulfil their dreams of Big City Life. Though I think that's mostly a cop-out, people always blame the newcomers for all the problems -- can't count how many times I heard "Californians are driving up housing prices" during the real estate boom in the aughts. Now it's "the Chinese are driving up housing prices" though I often hear it's still the Californians' fault.