Comment by iamnothere
3 days ago
True, but typically this also means fewer jobs, local economic contraction, and eventually neighborhoods full of decaying empty properties as in Detroit. They did achieve lower density, as many abandoned homes were forcibly demolished. Housing is cheaper now too.
It seems much more realistic to freeze growth than reverse it. Even then, growth in surrounding areas or other factors can quickly make the area more desirable and expensive as in SF.
No comments yet
Contribute on Hacker News ↗