Submitted by BumbleBeeVomit t3_ygo5sv in rva
Charlesinrichmond t1_iuiknh8 wrote
Reply to comment by ttd_76 in Rising mortgage rates will exacerbate the housing situation in RVA by BumbleBeeVomit
All the data I saw up to the pandemic went the other way. Then the pandemic put up numbers backing your thesis. But if you look at urban rents and sales this year it showed high demand.
I continue to strongly think the drivers remain the same as the last 20 years. But current data is obviously muddled.
Cities remain amenity dense. The big flip is commuting time with wfh. Commutes used to drive a lot of urban moves way back. With traffic not an issue it's going to be interesting.
But think ex commute of why you live where you do and not say brandermill
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