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3
MaximumMAGA 3 points ago +3 / -0

Has more to do with lockdowns

2
befehlistbefehl 2 points ago +2 / -0

Yeah, the lockdowns removed most of the upsides of city-life and added a few extra downsides as well. Why stay in a city anymore if you don't have to?

3
boomerpro17 3 points ago +3 / -0

Yup... we're turning into communist Yugoslavia, exactly the same thing that happened there... wake the fuck up pedes

3
OneTypoComment 3 points ago +3 / -0

Fewer people wanting to live in an area will drive down rent prices (basic supply and demand)

Lower rent leads to leaner profits for property owners.

Strict regulations in Dem controlled cities lead to higher construction and repair prices.

Property falls into disrepair.

Mortgage owners default.

People move away.

Industry collapses.

Taxes increase to cover shortages in city fundings.

Welcome to Detroit 2.0

2
ripley88 [S] 2 points ago +2 / -0

I was surprised Bloomberg would report something like this until I read the byline.