Comment by thegrim33
3 hours ago
Anyone with 60 seconds of free time can trivially see that your claims hold no water.
Simply Google for cities/areas with declining population, choose one, look up average housing prices there over the last 10 years or so, see how they've changed, correct the figures for inflation, and you'll see that in almost all cases inflation-adjusted prices are lower today in those places than they were 10 years ago.
I searched, the first hit was New York (seems odd?). I looked up average price over time, inflation adjusted. They are increasing.
https://fred.stlouisfed.org/series/NYSTHPI
Edit: DuckDuckGo seems to have served me a terrible example, further digging shows some examples which don't even need looking up, its clear that pricing has plummeted.
https://en.wikipedia.org/wiki/Shrinking_city
He’s talking about places with long run population decline.
NYC has grown by about 1.5 million people over the last 30 years.
And anyone with a braincell would've remembered that wages didn't keep up with inflation, hence the point you're making isn't actually being made.
You're just being rude for no reason, which is also why I'm now rude to you. You could almost call it rudeflation, tomorrow we'll probably cause a rudeness singularity