> *Given the choice of equal pay, most people would pick a cheap suburban 2000sq... | Hacker News

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smt88 4 months ago | parent | context | favorite | on: Who killed the rave?

> Given the choice of equal pay, most people would pick a cheap suburban 2000sqft house with a garden for 10% the price of a SF condo.

This already happened during Covid, and no country substantially de-urbanized. In fact, urban real estate prices skyrocketed.

The only cities where prices stayed flat or went down were highly over-priced places that people hated living anyway (like the Bay Area).

s1artibartfast 4 months ago [–]

If we are talking about Tier 1 cities, those are the ones that de-urbanized. Interest rates had a huge impact on prices, but my understanding is that suburban real-estate, especially ones with outdoor attractions skyrocketed as much or more.

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