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Thanks for that — I was off on the exact numbers, but I think the trend still holds true because those market fluctuations happened nationwide. People in smalle
by wayoutthere 7y ago
Thanks for that — I was off on the exact numbers, but I think the trend still holds true because those market fluctuations happened nationwide. People in smaller cities want to preserve that “small city” way of life, which makes it harder to build affordable housing to handle the influx of “economic refugees”. There’s enough tolerance for remote work that locality of employers is not as strong of an effect on housing prices as it used to be, which makes smaller cities really attractive.
It’s a problem that will get worse before it gets better, and the cities that can figure out how to provide housing that someone working minimum wage can afford will be the winners.