Matthew Yglesias

@mattyglesias ↗

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Last Checked Sept. 28, 2022

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Thu Jul 21 16:31:53 +0000 2022

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Matthew Yglesias @mattyglesias

These aren’t cities without significant assets either — that’s precisely the tragedy of it, when cities enter spirals of decline tremendous amounts of physical capital along with cultural amenities and social institutions end up wasting away. — PolitiTweet.org

Posted July 21, 2022 Hibernated

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Matthew Yglesias @mattyglesias

We have seen multiple once-thriving Midwestern cities slip into a downward spiral of population decline, shrinking tax base, and diminished opportunities — when market prices slip below replacement costs bad things happen even to great cities. — PolitiTweet.org

Posted July 21, 2022 Hibernated

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Matthew Yglesias @mattyglesias

Chicago has thus far avoided that fate because it’s biggest and most amenity/rich Midwestern city. But *all* central cities are facing a negative shock to their tax base and residential demand thanks to remote work and they all have a problem on their hands as a result. — PolitiTweet.org

Posted July 21, 2022 Hibernated