Earlier quoted context omitted.
I think it is almost entirely job driven. 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. Of course, variation exists
If this were true, we wouldn’t need to enforce the single family home through zoning.
Who killed the rave?
421–430 of 854 posts
Re: Who killed the rave?
#422The author doesn't even seem to know what a rave is, most likely they aren't in decline at all. They're talking about formal, permanent dance clubs shutting down for economic reasons. Raves are mostly an underground - often illegal or questionably legal - impromptu one off event, organized through word of mouth and social media on an invite only basis. There is almost no way to get statistics on them because they are…
Sometimes raves are happening every 3 days locally to me, sometimes the world has stopped all together. Very odd and polite that the world can tell when I am not interested in that level of (to be clear, often enjoyable) debauchery.
I presume that they will start up again once I get my warehouse finished on my off-grid property in the desert...
Re: Who killed the rave?
#423Earlier quoted context omitted.
Many cities effectively ban or heavily restrict new housing developments that increase density. I'm really not surprised real estate prices continue to rise when building new units is often an extremely expensive, risky process that in some areas can be stopped at any time with literally no reason required
Huh, why is college getting expensive, healthcare getting expensive, day care getting expensive, hell even streaming services getting expensive, none of these are heavily restricted that no development is happening there. And in many cities breakneck construction activity is happening still real estate is getting very expensive. This seems rather simplistic reason to me.
Colleges pay rent. Colleges pay salaries to people who pay rent. All those go up with high real estate prices. Further, even if the college owns a land, the money they earn on that land has to compete with what a developer who is willing to tear it down and put up a residential building which now earns higher rent or sale price.
I don’t think all the increase comes down to high real estate costs but it’s clear that high real estate costs can easily raise prices downstream across nearly every area.
Re: Who killed the rave?
#424Earlier quoted context omitted.
That's because most people live in cities because they prefer it, not because their office was there.
I think it is almost entirely job driven. 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. Of course, variation exists
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).
Re: Who killed the rave?
#425Earlier quoted context omitted.
exactly, so those people who own an old empty warehouse, a large basement, or whatever, now have a huge incentive to find uses for them. or they have to sell them which pushes prices down for everything
But what good does it do to push prices down, if even more money has to be paid in taxes for as long as they own the property?
Re: Who killed the rave?
#426Earlier quoted context omitted.
I wouldn't use Burning Man as a metric for the scene overall because among ravers Burning Man is considered to be one of the worst festivals.
How so? I saw a few vids about EDC and quite frankly it looked worse than tomorrowland (like, reminds me of mobile games patterns), quite the feat. Burning Man has a reputation, and it's definitely not a sharing economy to get there. I wouldn't fly half the globe to get there, I think it would be quite interesting though.
That said, absolutely worth going to at least once, for everything else.
Re: Who killed the rave?
#427Earlier quoted context omitted.
It isn't a hypothesis. It is a well known fact. The more expensive a property is the more time it will be spent vacant because a lot of the very expensive properties are just uses as investments.
why doesn't someone introduce a legislation to tax vacant second homes at astronomical rates
Re: Who killed the rave?
#428Earlier quoted context omitted.
It's interesting how the creation of the internet still hasn't caused real estate prices to plummet. Even two years of covid couldn't do it.
Companies came together to demand everyone back into work at physical locations in part to keep real estate pricing high.
Does anyone have a source that actually shows that this was a factor?
Re: Who killed the rave?
#429Earlier quoted context omitted.
I think the opposite is true. It's easier to find a job in a city other than your own with the internet, and big cities pay the most
That ignores that plenty of people are in cities because of the amenities that concentration allows. If you want niche/specialty restaurants, grocery options, entertainment, medical care etc. you will have to be in a large metropolitan area
It's funny that cities various 'interesting districts' are normally just suburbs that the city absorbed. But yeah, suburbs are just awful places without their own culture or interest (unless absorbed, then they are a distinct interesting district).
Re: Who killed the rave?
#430Probably a bunch of factors... Tier 1 city RE prices have made live entertainment venues harder to run profitably. GenZ studies have found a lower participation in "risky behavior" which late night clubbing may or not be considered. Mobile internet & smartphones seem to be killing all forms of live in person interaction. And finally electronic music of various forms used to be a niche, and now it's mainstream. In the…