Sep
16

Expansive Exurbia

From the housing bust until the pandemic, home prices in neighborhoods within a 10- or 20-minute commute to the city center appreciated more quickly than more distant areas. Covid-19 has reversed that as people have moved further away yet almost always (think 95% or more) remained in the same metro area. Sars-Cov-2 has increased urban area boundaries but at the expense of higher city unemployment and rising office vacancy rates.

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