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'Brutal' housing prices hit America's Zoom towns

• eindiran 4y ago
  I can't actually read the article to find out and am too lazy to bypass the paywall: what is a "Zoom town"? From the name, maybe a boom town that boomed in the era of remote work?
  • jaclaz 4y ago
    Yep: >... a Zoom town – towns that attracted remote workers as they fled expensive cities during the pandemic.
    • eindiran 4y ago
      Thank you
• haspoken 4y ago
  https://archive.ph/oIifX https://archive.ph/oIifX
• octokatt 4y ago
  House prices doubling in three years is not sustainable, and the rate hike was a kick in the teeth. I was financially able to buy a house with my salary last year in my area (greater Portland), and now… I’d be lucky if I could buy a condo. This is bad. Cities are full of AirBnBs, suburbs are full of city workers, and everyone is getting edged out. The arbitrage of property is removing most of the necessary stability of having a home.