While things will change as they always do, I think this is a bit overly dramatic.
I just don’t see folks leaving 2,000 to 5,000 sq ft “mcmansions” to go squeeze into a bunch of innercity apartments .
Sure some folks fortunes will fall and other will rise and people will shift. But thats always the case.
The folks we want make have fortunes that fall this November are the democRATS and Rino's in congress that have caused this mess.
I agree with you. If everyone began moving back into the city, then the value of those 2,000 - 5,000 sq ft mcmansions would go to zero because no one would buy them.
Also, there isn't enough room in the cities for all of us. There may have been enough room 50 years ago when the population was less than 200,000...but not now because the population is over 300,000.
Agreed. Any family wealthy enough to afford a two thousand square foot plus home is not going to run back to the big city because they have to pay a little more for gas or heating fuel.
A bit?
This is about the most over the top bit o' hype I have read in the past month.
Yes, gas has doubled in price. No, people are not going to move over an extra $84.00 a month. The price to move would cover that for a year. Besides a lot of them already work close to where they live, the average daily commute is 24.3 minutes per day. No, that is not one way, that is total.
Why would you move into the city were the commute is actually longer?