Matthew Yglesias

@mattyglesias ↗

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Last Checked Sept. 28, 2022

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Thu Jul 21 16:34:40 +0000 2022

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Matthew Yglesias @mattyglesias

The difference is that lots of cities were either in decline already pre-pandemic or else were so expensive pre-pandemic that even after a hit to demand, market prices are still way above replacement costs. Chicago is unusual in that it may have slipped below the horizon. — 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

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Matthew Yglesias @mattyglesias

The big picture point here isn’t about Chicago, though, it’s about America — our population growth rate has become so low that relative decline in demand (which is bound to be happening somewhere at any given time) easily slips into absolute decline, which is dangerous. — PolitiTweet.org

Posted July 21, 2022 Hibernated