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It's all a storm in a tea cup. People leave the city -> rents go down -> new creative people are attracted by the cheap rents -> they create a new vibrancy -> p
by rorykoehler 6y ago
It's all a storm in a tea cup. People leave the city -> rents go down -> new creative people are attracted by the cheap rents -> they create a new vibrancy -> people want to move back. Rinse and repeat.
- Nursie 6y agoBut it can be a multi-decade cycle. Also I've seen a few creative people that are admitting defeat on (say) Detroit.
- rorykoehler 6y agoI think this cycle will turn around much quicker. There is a lot of pent up energy by the lack of social interaction we're all experiencing and that will explode once we take our foot off the brakes. I'd say 3-7 years until cities like SF & NYC are hot again. They've got advantages and a brand Detroit doesn't.
- fragmede 6y agoOne of my friends finally got unpacked after moving to Detroit and is working on his latest album, in his basement studio space that would be unaffordable after paying rent in Oakland.
- Nursie 6y agoGood for him and I wish him luck!