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by randomdata 2816 days ago
As a resident of a more rural area that has seen a complete economic turnaround in the last few years, which seems to be attributable to people leaving the big city to find more affordable ground, the big city housing bubble is the best thing that has ever happened. It may be destructive at a local level, but I'm not sure it is universally so.
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>As a resident of a more rural area that has seen a complete economic turnaround in the last few years, which seems to be attributable to people leaving the big city to find more affordable ground, the big city housing bubble is the best thing that has ever happened. It may be destructive at a local level, but I'm not sure it is universally so.

Your town is going from the "boarded up storefronts" phase to the "hardware store and Chinese take out restaurant" phase. You'll probably start considering the housing market driven gentrification destructive again when it gets to the "organic free trade hemp clothing store and bars that only serve micro-brews" phase.

That's scarily accurate. But I would say we're already in the last phase. Which is great, as it means we now have all the amenities one expects from the city, without having to live in the city.