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by dcolkitt 2024 days ago
> This is of course nothing new, for instance NY has gone through many ups and downs of its own and all along many in the media claimed "NY is dying!"

The same could be said of Detroit. Until the 1960s, it was unquestionably the fastest booming major metro in the US. But at one point or another, the "price discount of a lifetime" just becomes an attempt to catch a falling knife.

2 comments

The weather alone will ensure SF never becomes Detroit.
Detroit is an interesting comparison, it is hard to imagine right now, but I won't count anything out completely. Obviously the factors there were very different. Detroit collapsed because consumers went elsewhere, not the labor.

Edit: clarification/wording