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by pessimizer
1355 days ago
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> There's a growing demand for mid-density mixed-use land because younger generations cannot afford SFHs, more incline to take public transportation, more things to do, pub/bars/live music than SFH with backyards that caters more to families with kids. These are only unmet demands limited to a few cities that young wealthy educated surburbanites flocked to as a group, thereby making them very expensive. Instead of detailing my unremarkable life, apartment, and neighborhood in Chicago. I'll just say that not everybody has to live in SF, Seattle, Austin, or whatever the next desirable place is. If you can't afford it, there are other places available. It isn't like there aren't tech jobs in Chicago, or remote. |
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That's easy to say, but prior to the pandemic and the sudden shift to WFH, the trend was flying in the face of this droll advice. Tech hubs are consolidating. But since then, we've seen transplants buy up housing in other markets and simply spread the same issues of traffic and housing prices there too, as we've seen in markets like Phoenix, Boise, Salt Lake City, (though admittedly some of these are starting to fall). Take people out of Austin and they just end up flooding Nashville, or Raleigh, or Charlotte. New Yorkers are resettling in Philadelphia. Peter Thiel says Florida real estate prices are comparable to California now. And so on.