> I would even say this is the beginning of the end for cities as we know them.
Alternate POV: this could save cities as we know them. All top American cities have been struggling for about 20 years now to handle urban growth, as cost of living goes through the roof and small businesses disappear when their renewed lease comes at twice the rent. As always, the survivors are those who can afford the change: homeowners and the wealthy on the residential side (keep in mind cities like Boston are majority renter), and large corporate renters on the business side (think Starbucks instead of Local Coffee Co)
Pre-war growth patterns (ie, densification and transit) have been generally outlawed, and big companies seem to have endless pockets to raise salaries to attract more highly paid workers to compete on rent; so there’s been no counterbalance on this trend. Until remote work.
Right now cities are still expensive, but the next few years as we transition out of the pandemic will determine whether remote work is here to stay; if so, you will likely see another suburban migration of ‘former reluctant office workers’ (we already had one wave at the start of the pandemic), and city real estate might finally cool off for the first time in decades