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Will this century see a return to the suburbs?
Posted on 6/7/20 at 12:38 pm
Posted on 6/7/20 at 12:38 pm
The 2010s saw an enormous amount of investment towards cities. Almost every large/mid-size city saw improvements to their downtown area. A big reason for this was commuters were tired of long commute times, AirBnB investors, better policing, etc. With the inevitable police shortages to come, anti-AirBnB policies and increase in remote work, I'm thinking we're going to see a noticeable movement away from inner cities and back to the safer/cheaper suburbs.
This post was edited on 6/7/20 at 12:54 pm
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Posted on 6/7/20 at 12:40 pm to yaboidarrell
Why would anyone ever want to live in a suburb? I think this will spark the rebound of rural areas and small towns.
Posted on 6/7/20 at 12:40 pm to yaboidarrell
St. George finna eat.
Posted on 6/7/20 at 12:42 pm to kingbob
quote:
Why would anyone ever want to live in a suburb? I think this will spark the rebound of rural areas and small towns.
Stay the hell out of my rural area. Please.
Posted on 6/7/20 at 12:44 pm to yaboidarrell
Remote work may have some effect on it, but most people still want to be near things to do. I've lived in the burbs and the commute to work didn't bother me. I just hated living 30+ minutes from everything. Decent restaurants, night life, entertainment, etc.
Posted on 6/7/20 at 12:44 pm to yaboidarrell
quote:
Will this century see a return to the suburbs?
If housing prices remain flat and interest rates stay low for a while, a lot of millenials that need additional space for a growing family will make their first home purchase - quite likely in the suburbs.
While it won't ever be the 1990s era of Pulte/DR Horton/etc mass production builds in suburbs everywhere, suburbs that are well located and offer good public services (primarily schools and public safety) near jobs will do grow - especially if they offer some of the amenities of a larger city.
There's still very high upward pressure on rent prices. It seems like everything pushes rent upward. Because of that, there will still be new apartment homes in the larger cities for younger people.
This post was edited on 6/7/20 at 12:46 pm
Posted on 6/7/20 at 12:45 pm to yaboidarrell
With a few higher end exceptions, the McMansions in the suburbs are the multi family ghettos of the future.
Posted on 6/7/20 at 12:46 pm to yaboidarrell
I am five minutes away from everything I need. I have great neighbors. I have a gorgeous yard on a park with beautiful trees and swing sets and grills and people playing with their kids. Meanwhile my buddy is in SF dodging human waste and heroin needles, stuck in a 600 sq foot apartment that is worth more than my beautiful home .
You do the math. People in the cities get SICK when there is societal strife. People in the suburbs just chill. And I don't see the strife going anywhere now that Democrats have set course for CHAOS.
You do the math. People in the cities get SICK when there is societal strife. People in the suburbs just chill. And I don't see the strife going anywhere now that Democrats have set course for CHAOS.
Posted on 6/7/20 at 12:46 pm to kingbob
quote:
Why would anyone ever want to live in a suburb?
Millions of people
You get the safety of the burbs and the access to the city.
In times when people are crying about housing prices, it's a solid option.
Posted on 6/7/20 at 12:51 pm to kingbob
quote:
I think this will spark the rebound of rural areas and small towns.
After seeing what I've seen the past week or two, buying up a 50-100 acre plot of land close to a small town (10k people), securing the perimeter, and becoming as self-sufficient as possible seems more and more desirable.
Posted on 6/7/20 at 12:54 pm to The Third Leg
quote:
With a few higher end exceptions, the McMansions in the suburbs are the multi family ghettos of the future.
Most of America will be ghetto in 50 years.
Posted on 6/7/20 at 12:55 pm to notbilly
quote:Good point but there's nothing preventing these businesses from moving to the suburbs. If we see a large exodus from the inner-city, I'm sure businesses will follow.
I've lived in the burbs and the commute to work didn't bother me. I just hated living 30+ minutes from everything. Decent restaurants, night life, entertainment, etc.
This post was edited on 6/7/20 at 12:56 pm
Posted on 6/7/20 at 12:57 pm to kingbob
Lol you ask why would anyone want to live in the suburbs? Really?
Posted on 6/7/20 at 1:00 pm to yaboidarrell
quote:
Good point but there's nothing preventing these businesses from moving to the suburbs
I think the movement will be toward smaller cities than suburbs. Then the entire cycle repeats.
Posted on 6/7/20 at 1:02 pm to yaboidarrell
I hope everyone flocks to the city. I will continue to migrate away every decade or so as I buy low and sell high.
Posted on 6/7/20 at 1:05 pm to kingbob
quote:
Why would anyone ever want to live in a suburb? I think this will spark the rebound of rural areas and small towns.
Small towns that are 1-2 hours away from big cities with airport access are the ticket.
Have good schools, safe shopping, plenty of distance between neighbors, but also easy access to transportation hubs
Posted on 6/7/20 at 1:06 pm to yaboidarrell
quote:
Good point but there's nothing preventing these businesses from moving to the suburbs. If we see a large exodus from the inner-city, I'm sure businesses will follow.
Sure. But once that happens those burbs become like cities. Then they begin to have the same issues like traffic, etc. So they are basically the city without a downtown. This is what the St. George area is. It was once the 'country' and basically a suburb of BR. Over time so many people moved there that way it became indistinguishable (in terms of boundaries) from the city of Baton Rouge. Until the recent St. George movement, most people didn't even know where the city limits started and stopped. With that said, I don't think something like Zachary will ever become like South BR (St. George) in my lifetime.
Posted on 6/7/20 at 1:08 pm to yaboidarrell
No. People want convenience and entertainment. There’s nothing convenient or entertaining about the suburbs.
Posted on 6/7/20 at 1:08 pm to kingbob
quote:
I think this will spark the rebound of rural areas and small towns.
Umm...rural development home loans have been doing that for years.
Posted on 6/7/20 at 1:08 pm to notbilly
quote:
Sure. But once that happens those burbs become like cities.
Usually takes a couple of decades. In times of growth, that's where the money will be.
It's an endless cycle but totally natural.
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