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If it isn’t really a trend, then it can’t really reverse. The economics depend entirely on how many people have these “second thoughts”. If it’s “a lot”, relat
by take_a_breath 6y ago
If it isn’t really a trend, then it can’t really reverse.
The economics depend entirely on how many people have these “second thoughts”. If it’s “a lot”, relative to those who live in cities, then it will absolutely lead to housing issues outside of cities. Which will lead to infrastructure issues (schools, water, roads, libraries, community centers, etc.). Which will lead to tax increases to pay for infrastructure. Then the cycle will kick off again.
- ghaff 6y agoIt's very hard to say about those "second thoughts." If the current situation turns out to be basically a blip, that's one thing. If living in dense cities turns out to carry a significant incremental health risk vs. suburbs/exurbs, that's something else. Furthermore, the (somewhat) shift back into cities is counter the trend in the second half of the 20th century. Is it a real trend or a temporary fashion?