Free Republic
Browse · Search
General/Chat
Topics · Post Article

To: Noumenon

I’ve been waiting for real estate to implode. Starts in bad urban centers, but spreads everywhere: I think cities are done. Then the banks fold, then everything folds. The cause is different from 2008 but it might end up being worse over all.


11 posted on 06/05/2023 6:09:00 PM PDT by ClearCase_guy (“You want it one way, but it's the other way”)
[ Post Reply | Private Reply | To 2 | View Replies ]


To: ClearCase_guy
Cities have been done since prior to WW2. They had a surge due to military needs during WW2 and the delay until the rest of the world recovered but they were done.

The "white flight" was inevitable; not because of the lie of racism but because companies had already left and cities were hostile to raising families.

Commuting was just a sick band-aid.

The takers in the cities, including government workers, cemented any future they had into a pile of debt that will never be paid back.

21 posted on 06/05/2023 6:35:34 PM PDT by T.B. Yoits
[ Post Reply | Private Reply | To 11 | View Replies ]

Free Republic
Browse · Search
General/Chat
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson