Hot Air

It May Not Just Be Doom For Cities, But For Financial Corps As Well – HotAir

John has written a lot about the “urban doom loop” in which declines in quality of life create declines in property values which in turn leads to declines in public services which leads to…declines in quality of life. 

Rinse, repeat. The doom loop is mainly driven by terrible public policy decisions such as defunding the police and tolerating homelessness and drug use, but the change in how real estate was used during the pandemic contributed a fair amount as well. 

In other words, 2020 was a tipping point for poorly run cities. Add the pandemic…

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