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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.
That's because most people live in cities because they prefer it, not because their office was there.
Of course, variation exists
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I assert this without evidence, but I would highly suspect club attendance numbers and rave attendance numbers to be strongly correlated.
Strong negative correlation? Can't attend both events, and most people only have the weekend to attend max one event.
High volume purchasers in a category are more likely to purchase many things across the category.
I don't go to nightclubs ever, odds that I'm going to go to a rave are also pretty close to zero.
I have a friend who DJs, even removing the nights he performs, he goes to nightclubs infinitely more than I do. He also goes to raves more than I do.
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That's because most people live in cities because they prefer it, not because their office was there.
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
> The proportion of club nights running beyond 3am fell in 12 of 15 global cities between 2014 and 2024, according to a Financial Times analysis of events on listings website Resident Advisor. Club nights are not raves. Raves are (usually) not posted on RA. The underground scene is doing just fine.
Yes, but the decline is real in the underground scene as well.
It’s more alive than ever, I’d say. Just about any weekend in the Milwaukee/Chicago area has at least a couple parties. Proper underground shit. Not sure what it is, exactly, but it’s been feeling like a time portal back to the 90’s and I love it. Drop Bass Network and Chicago Redline will keep you plenty busy.
This rings in Minneapolis. The midwest definitely has a solid, consistent scene for house/techno/electronic with DJs bouncing between Minneapolis, Madison, Milwaukee, Chicago for sets. The demographic is definitely millennial, with maybe ~25% being Gen Z. It's also definitely not... popular. The biggest nights have a _way_ smaller turnout than college bars or city clubs. I'm not sure how strong the crowd actually was…
There was obviously a pause during COVID and a slow ramp after, but it's been back to normal for about 1.5 years now.
One big change is that they got better and much more organized. I go to an annual event with a few hundred of my friends and family. We rent a lodge in a national forest, set up an enormous sound system, and dance for 3 days around some very confused deer. There are food trucks and coffee bars and dozens of portapotties scattered around, plus daytime poolside sets while we swim around and listen to 100dB house. We gr…
> One big change is that they got better and much more organized. If I'm thinking of the same groups you're mentioning, they were already super organized. Mostly because they've been going for decades now.
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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
And secondly... Are the second vacation homes really the problem? I'd guess the problem begins around 3rd or 5th, not the second one, which is a fairly common and usually also a good thing to have - for both the owner and the society.
Probably 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…
My guess is: the pandemic and online dating.