3 ms·
> Given the choice of equal pay, most people would pick a cheap suburban 2000sqft house with a garden for 10% the price of a SF condo. This already happened du
by smt88 2y ago
> Given the choice of equal pay, most people would pick a cheap suburban 2000sqft house with a garden for 10% the price of a SF condo.
This already happened during Covid, and no country substantially de-urbanized. In fact, urban real estate prices skyrocketed.
The only cities where prices stayed flat or went down were highly over-priced places that people hated living anyway (like the Bay Area).
- s1artibartfast 2y agoIf we are talking about Tier 1 cities, those are the ones that de-urbanized. Interest rates had a huge impact on prices, but my understanding is that suburban real-estate, especially ones with outdoor attractions skyrocketed as much or more.