How the ‘urban doom loop’ could pose the next economic threat – Washington Post

All across the country, downtowns, office spaces and shopping centers are at risk of becoming ground zero for a new economic hazard: the urban doom loop. The fear is that a commercial real estate apocalypse could spiral out and slow commerce, wrecking local tax revenue in the process.  Crucially, wonky tax rules mean certain places are more exposed than others: Chicago and Boston, for example, have large office footprints and rely heavily on property tax revenue.
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Old Joe
8 months ago

The “urban doom loop” should more precisely be called “historically Democratic party governed large cities.”

There I fixed it.

Fullbladder
8 months ago

The cosmopolitans laughed dismissively as rural cities and towns were decimated by the very policies that they, the cosmopolitans, advocated and voted for. Now the liberals, who never thought it could happen to THEIR CITY, are looking to the very same reprobates to “do something”. The renaissance is going to be small towns and rural communities that are filling up with Conservative, self-sustaining Patriots. As the history of Rust-Belt cities has shown, there’s no written-in-stone rule that cities can’t fail…even Big City’s.

debtsor
8 months ago
Reply to  Fullbladder

Big Cities are mostly failures outside of the prestigious downtown and yuppie neighborhoods, and have been so since the 70’s. The political leaders who like to say that the big cities are the GDP generators really fail to mention that many, if not most, of those individual employees generating that GDP are suburbanites. Just like cities are split between nice areas and bad areas, rural areas and small towns are a mixed bag too. Tourist areas and areas with industry tend to be nicer, but for every nice rural/small town, there’s another small town full of meth heads, tweakers, crank… Read more »

Giddyap
8 months ago

BJ’s tax grabs will drive away business and kill property tax revenue

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