All the city news you can use. By Jeff Wood - Jan 9th, 2021 04:58 pm //end headline wrapper ?>Austin, TX. (Pixabay License).
Every day at The Overhead Wire we sort through over 1,500 news items about cities and share the best ones with our email list. At the end of the week, we take some of the most popular stories and share them with Urban Milwaukee readers. They are national (or international) links, sometimes entertaining and sometimes absurd, but hopefully useful.
Has the pandemic disproved a theory of gentrification? During the pandemic a rise in remote work has led to a falling demand for housing in urban areas as demonstrated by falling rental prices in places like San Francisco and New York. But these price drops perhaps signal something else entirely, that gentrification theories blaming new housing for increased prices are wrong. (
You’ll often hear people blaming high housing costs on luxury apartment construction but market changes during the pandemic might be proving them wrong. What is gained and what is lost as the pandemic cuts down on long commutes. You can’t just create a new Silicon Valley overnight.
Has the pandemic disproved a theory of gentrification? During the pandemic a rise in remote work has led to a falling demand for housing in urban areas, as demonstrated by falling rental prices in places like San Francisco and New York. These price drops could signal that theories blaming new luxury housing for high prices are wrong. (Jake Anbinder | The Atlantic)