5 ms·
Some people will move away from a city and others will move to a city. It happens. Neither of us expects to see a sizable net movement from urban to "exurban" (
by electricEmu 6y ago
Some people will move away from a city and others will move to a city. It happens. Neither of us expects to see a sizable net movement from urban to "exurban" (rural) areas.
Why choose the exurbs where you pay a premium to drive long distances and live far away from opportunity and medical care? Plus, exurbs were some of the hardest hit during the '08 recession [1].
> But underlying today’s exurban fervor is an uncomfortable truth: The reason that homes in these communities are so affordable is that these areas were among the hardest-hit by the housing crisis and recession, and prices have only recently recovered.
Recessions are very difficult to predict. Maybe it will be some time before a reckoning in the exurbs comes due again.
[1] https://www.marketwatch.com/story/it-can-be-risky-to-buy-a-house-in-the-exurbs-but-will-todays-buyers-care-2019-04-17 https://www.marketwatch.com/story/it-can-be-risky-to-buy-a-h...