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Reason how this happens worldwide may be that 70% of world population is projected to be living in big cities by next decades. I mean, tendency is that most pe
by nbenitezl 4y ago
Reason how this happens worldwide may be that 70% of world population is projected to be living in big cities by next decades.
I mean, tendency is that most people want to live in the big city, sometimes as necessity (can only find a job there) sometimes as a preference (better services, etc.) the result is traffic jams and expensive real state.
- refurb 4y agoI'd argue that trend is reversing, just like it did in the 1960's. Quality of life issues eventually drive people to live in the outer suburbs, further exacerbating issues within city cores (e.g. San Francisco right now).
- deleted 4y ago[deleted]
- tjr225 4y agoYou can argue it all you want but the numbers don’t support it. If the demand is going down then why is it becoming more expensive? Also, white flight in the 60s was a move to the suburbs- many would consider that given the density of 2020, the suburbs are feeling the same crunch. Bellevue and other suburbs are more expensive than Seattle. I’m guessing there are suburbs of SF that are more expensive than SF.
- refurb 4y agoPrices are dropping in San Francisco, especially condos which are below pre-Covid prices now. And you yourself said "Bellevue and other suburbs are more expensive than Seattle." Which would infer that yes, people are leaving the city and moving to suburbs.
- mahkeiro 4y agoOf course they are as interest rates are rising quickly. Nobody is talking about it, but free (or almost) money was also a good reason why prices increased that much.
- refurb 4y agoPrices were dropping before interest rates went up.
- tjr225 4y agoIt is still one of the most expensive and sought after places to live in the country, and maybe even the world. You can’t just remove all context from reality to try to make your points. You know this. Be a big boy.
- refurb 4y agoNow you’re just desperately pulling things out of the air. My statement the cycle of movement to urban centers might be reversing, and I used condo prices in SF since pre-Covid as a data point. You come back with “its still one of the most expensive places in the world”. Then you said “Be a big boy”. You’ve failed to make your case and resorted to condescending remarks. Let’s just chalk this up to you failed to disprove my argument and leave it at that? Unless you had more condescending statements to make?
- tjr225 4y agoBellevue is 5 miles away from Seattle. It is the same thing as Seattle.