[Spuds]

Originally Posted by dpfarr

There’s another fucked up phenomenon of the wealthy and WFH age. If you displace the service industry in rural areas and they (especially now) cannot afford to commute to work in these ski towns.

So my grandparents built a really nice home a mile or so from the Joshua Tree National park entrance in the 80s. My grandmother’s health required a move and their home sat for months and eventually accepted below their asking. My friends that stayed there were able to purchase homes for <75k in mid aughts before the Great Recession. Effectively, there was little property appreciation in 30 years (1985-2015). The last 7 years, for reasons of Instagram influencers, Airbnb, or whatever the hell happened prices went nuts.

Is that a function of a certain space in time? It’s not a population issue. It’s not like there’s a burgeoning industry warranting immigration.

It's the covid diaspora. All the renters realizing that renting inside a metropolitan area isn't so great when you are stuck at home.