Quote:
Originally Posted by SAN Man
These before and afters kind of freak me out a little bit. It makes you think that an unbalanced amount of newly created capital all went into real estate speculation. Did all of these cities really add that many newly created wealthy individuals that are able to afford a residence in luxury high rise? Or has an illusion been created that will be realized one day?
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What?
In 2009, there was 340 million people in the United States and Canada. In 2021, there is now 369 million between the two countries. Additionally, both have seen a resurgence of their cities as Millennials shun the boring suburbs of their parents and start their careers in big and exciting cities. I'm shocked that cities haven't grown more, but I guess NIMBYism and exclusionary zoning policies have put a cap on things.
Even though Toronto is growing like crazy now is only just a fraction of the growth of pre-war NYC. Much more room to grow.