Urban cores aren’t just deteriorating on the coasts. From Tyler Durden at zerohedge.com:
The ongoing economic impacts of ‘work from home’ policies implemented during the pandemic aren’t just affecting major coastal cities like San Francisco and New York.
Last year, NYU economist Arpit Gupta used the phrase “urban doom loop” to describe a decline of foot traffic in central business districts, which “adversely affects the urban core in a variety of ways,” including lowering municipal revenues, and making it more challenging to provide public goods and services without increasing taxes.
Now, as Insider‘s Eliza Relman writes, the ‘Urban Doom Loop’ has hit the heartland, as Midwestern states are facing a crisis of their own; struggling to attract workers, residents, and visitors to their downtowns – a problem which predates the Covid-19 pandemic.
According to economists and urban planners, Midwestern cities need to make major changes in order to boost quality of life in their downtowns, instead of just being a place where people are forced to go to work.
Major like 15 minute concentration camp major?
Better get everything done in 800 meters in your unicorn fart powered Zil Trabant, that isn’t even living but a simulation of it.
Then again dullards prefer the simulation.
Maybe the endless growth loop is over and the suburbs are blowing up as the taxable serf units escape CPUSA (D) utopias.
Who knows where the food is going to come from when every field and meadow is a particle board section 8 EBT hive.