The Collapse of American Cities Has Started. And Yours Is Next

This is the San Fransisco Bay Area. It has been one of the biggest economic HUB’s of the world for the last 50 years. In fact, if this region of just 18,000 square kilometres...were to be its own country...it would have the 19th largest economy in the world...ahead of countries like switzerland, taiwan, sweden, belgium, and the United Arab Emirates.
The bay area has been one of the fastest growing regions in the united states for nearly half a century...but then something changed
In fact, the Bay area, along with many other cities around the world, are going through drastic times that could spell the end of cities as we know them…
The year is 1957. A nobel prize winner named William shockley had recently moved to mountain view california and started a company called the ‘Shockley Semiconductor Company’. You see, he had come up with an idea to build transistors out of Silicon instead of Germanium, which was a revolutionary idea for at the time.
So, the Shockley semiconductor company began making the first modern day transistors that would go on to be used in every computer for the rest of the 20th century.
But there was some trouble. William Shockley rubbed a lot of his employees the wrong way... So 8 of his employees left the company, and went on to start their own semiconductor company in the area, called Fairchild Semiconductor...which was based around the same technology that william shockley invented.
For years afterwards, employees from Fairchild Semiconductor and Bell Labs, continued to innovate in northern california, by inventing the integrated circuit and eventually the microprocessor in 1964.
And it was after this invention that the world as we know it, and the bay area, would change forever.
After the invention of the microprocessor, Tech companies started popping up left and right, around the same area in Northern California.
For example, Intel and AMD were two of the first multi billionaire dollar tech companies to be founded in what is now known as silicon valley.
Then... two twenty something guys in the area named Steve Wozniak and Steve Jobs, heard about this new chip technology...and started to use these chips in something that they called the ‘Apple 1’.
And after their startup company called Apple, generated an IPO value of $1.3 Billion dollars, and after seeing the success of the now dozens of massive semiconductor companies in the Bay Area…
Venture capital and tech companies began spreading throughout the area in hopes that their startup tech adventure could become the next intel or Apple.
And what followed was one of the craziest economic experiments in history...as every city within silicon valley soon had multiple billion dollar tech companies calling their city, home.
For example,
ORacle was founded in 1977 in Santa Clara,
Seagate was founded in 1979 in Cupertino,
Adobe was founded in 1982 in Mountain View,
Autodesk was founded in 1982 in Mill Valley,
Cisco was founded in San FRanscisco in 1984,
Mcafee was founded in 1987 in Santa Clara,
And dozens of other companies were founded in the late 70s and 80s that are currently worth billions of dollars to this day.
And keep in mind that these companies were all located within about 150 kilometres of eachother.
And the result of this economic and technological explosion in the area, would go on to change the city forever.
You see, as these startup companies like apple and cisco grew, they needed to hire more people and pay them well for their highly skilled labour.
So, the bay area in the 1980s saw a massive increase to its average income. But because of the rapid increase in income, and a lack of supply of things like residential housing and commercial spaces, the cost of living shot through the roof.
In fact from 1984 to 1990, the median housing cost increased by just under 150%...
And this trend was far from over.
Because the 1990’s issued a new age of tech companies called ‘internet companies’
So in 1995, Ebay and craigslist were founded in the area,
PAypal was founded in San Jose in 1998
Google was founded in 1998 in Menlo PArk,
Facebook would begin its operations in menlo park in 2004, And a litany of others like tesla, UBer, and Twitter, have been founded in the area since then.
Transcript too long. End here
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[@31ll087]

"The Collapse of American Cities Has Started. And Yours Is Next" Me who doesn't live in a city and isn't American: "I'm 4 parallel universes ahead of you."

[@nancybarnes29]

Hmmmmm....honey, do you remember where we put the painting of Arminius after the Teutorburg thing, that your great grand mom gave us, remember its in the sea trunk with her Luger. I think we might need them both. their saying its Rome all over again. ? neolithic farmer rgw/73

[@31ll087]

@@nancybarnes29 lol. The fact that I understood what you were talking about proves that I have no life.

[@murder1625]

@@nancybarnes29 could you explain me? Please

[@gnk-seriespowerdroid4405]

Space jesus

[@toead4186]

Legend

[@cnxexpat1862]

The circle of city life: San Francisco becomes too expensive - many tech companies relocate to Austin/Texas - Austin becomes more expensive till it is too expensive - ...

[@RnWSolutions]

Agreed, and where is the next city to invest in?

[@heyhoe168]

@@RnWSolutions Are you seriously think you will be faster than the market sharks?

[@jrpone]

This is what I keep telling friends and people who are coming from Cali complaining about "Democrat laws/high taxes" ruined Cali, Im like no its Silicon Valley and a lack of Housing that did Cali in, and its happening to Texas because we're letting Silicon Valley in.

[@heyhoe168]

@@jrpone Keeping Silicon Valley from established cities would protect people, but the politicians will never let it happen.

[@RnWSolutions]

@@jrpone liberal politics continue to ruin Cali, they have lost billions in 1 year of shutdowns from the MLB playoffs moved to TX last year and all the conventions moved. Now the same libs that moved to Austin are destroying that city, its a homeless mess with the same lockdowns and mask requirements despite TX attorney General skiing them to open up.

[@NotJustBikes]

This is a good summary, but I am definitely in the camp that this is a "blip." Cities have had pandemics before, and they will have them again. This seems more like a correction to the overinflated market of NYC and SF, rather than a general trend overall. Especially in the case of SF, there simply hasn't been enough new housing built, due to outdated zoning regulations. And that scarcity has allowed people to treat the housing market like the stock market. That's not representative of the rest of the country. Furthermore, when businesses, theaters, restaurants, and bars open up again, there will be demand again for cities and walkable places. People will remember why that small house or condo in the city is worth more than the suburban McMansion: location, location, and ... I forget the 3rd but it's important too. And those people who work from home 100% of the time are going to be in for a shock in the long-term: if you can do the job from Boise, then somebody else can do the job cheaper in Bangkok. I was a tech executive for years, and there is no doubt in my mind that a whole bunch of these "white collar" workers are going to find their "knowledge work" outsourced way faster than they think. For example, many people in Taiwan are smart as hell, and many of the Taiwanese people who worked for me did a way better job than the people in the US who were getting paid twice as much. If we didn't "need" those people to physically be in the US office, their jobs would've been moved to in Taiwan in a heartbeat.

[@Max-nt7ho]

Just the large numbers of homeless ppl camping out on the streets & the high crime rate are enough to deter me from visiting SF, let alone living there.

[@PHATTrocadopelus]

Yup! Young people will not live in the suburbs. Once they can go out again and party, socialize, eat, etc... again the cities will be back. And, where young people go the innovative companies go. That's when rich people move in. If you don't think NOW is the best time to buy property in major cities you aren't reading the historical signs and 5-10 years from now you'll be one of those "I could have bought during the pandemic - now it's 60 times more!" You ca bet the politicians are buying up a whole bunch during this artificial correction. Humans are resilient and predictable.

[@PaintedCavern]

The pandemic is not causing problems, it is the authoritarian overreaction in response that is doing 90% of the harm. That plus the insanity of "progressive" ideology that is causing society to crumble and flight out of the unsafe cities.

[@benbird2100]

@@PaintedCavern Flight out of cities has been happening since the 1940's when civil rights activists began pushing harder for neighborhood integration. Thousands, even hundreds of thousands, of white people up and left cities between 1940 and today. Society has not crumbled despite cities having lost significant portions of their population.

[@PaintedCavern]

@@benbird2100 @ben bird I wasn't suggesting that society is crumbling because the cities are losing population. I meant that civility, decency, and justice are diminishing, and common sense seems to have disappeared. Until 2020 long term the trend has been more urbanization not less. In 1970 US had 73% in cities, and in 2019 it was 82%. My point was that progressive policies have contributed to the decline of livability in cities, which the lock downs exasperated. The pandemic alone did nothing, it was the irrational government policies which people are trying to escape.

[@oolformacha]

Shockley rubbed his employees the wrong way. TRANSLATION: His employees stole his idea and started their own companies.

[@ES2990]

"The collapse of American cities has started" Me, a Detroiter: first time?

[@Kemet3.0]

However, all the Midwest states have the greatest comeback potential. Minnesota having Foxconn built a new plant, Cadillac moving its headquarters back to Detroit and Dan Gilbert rebuilding Detroit downtown, Cleveland, OH receiving new North American Headquarters of London Stock Exchange and Sherwin Williams building new a Cleveland headquarters. By the way... London Stock Exchange is the 3rd biggest enterprise in the world behind New York Stock Exchange and NASDAQ with over $4.5 trillion dollar market cap. Like I stated, California and New York are in trouble from climate change and everything is way too expensive. Just announced Oracle and Tesla is moving to Austin, Texas.

[@johnottr]

@@Kemet3.0 They have been saying these same things about small cities for over a century and they never pan out just like they wont this time. Small cities are just that, small and meaningless dumps.

[@quanbrooklynkid7776]

@Naylor Broughton damn

[@DivinesLegacy]

Are you black?

[@DarkHorseSki]

Heh, I made the same sort of comment before I saw yours!

[@stevefortney6669]

"Life can only be understood backwards; but must be lived forwards." Soren Kierkegaard

[@rafaelaraujo1345]

Awesome

[@bronzieboy]

søren kirkegaard*

[@TheLastAlexander]

Dam

[@xavierwagner3238]

Forwards lived be must but.

[@fredrikmelhus1107]

@@bronzieboy Søren Kierkegaard

[@jamesgiguere6620]

And he didn't mention that much of San Fran is an open sewer of homelessness.

[@birdseye2239]

what major city isn't?

[@crazyrabbits]

@@birdseye2239 - A good portion of cities that _aren't_ San Francisco.

[@birdseye2239]

@@crazyrabbits I've lived in 3 of the 4 major cities on the west coast and have visited New York multiple times. Homeless are everywhere

[@heyhoe168]

@@birdseye2239 the question is -- how many per square meter.

[@deanjordan6053]

I went to San Francisco, everything outside the major parts is just depressing.

[@garymcaleer6112]

Good post, Jack! When you mentioned how history teaches us, there is no greater lesson than the market crash of '29. The cities suffered greatly, while the farmers, Amish, Mennonites and Quakers were virtually unaffected. They had all their life-support in place: food, water & shelter. And with moral, decent neighbors the bartering of goods was common. But here's the clincher, brother Jack: What we see in the character of men today is nothing like the character of men in the 30's. This, in union with cities keeping only small stockpiles of goods will not fare well for the average American. Mob mentality is most bitter and cruel. Just look at war.

[@gottagift]

any city whose backbone is built upon tourism is surely the most severely affect in 2020

[@tgosuke]

Mine 🇯🇲😔

[@biffjohnson3354]

I’m watching Vegas.

[@ladytron9188]

Definitely

[@agoogleuser2594]

I’m hoping for a $325 bedroom in Asheville, North Carolina, soon, a city with literally no jobs except doctor, bartender, and rafting instructor.

[@jboogie380]

San Antonio lmao

[@CloudTribe]

Why bother paying to live like a peasant when if you just moved you could live like a king? Especially if your job is wherever your computer is.

[@jgdooley2003]

Before the recent virus crisis about 2 years ago our prime minister was giving a speech in which he praised the working people as those who got up early in the morning for the long trip to work....note he did not say their work was hard or onerous, laws and regulations governing safety, bullying and physical limits to what employer could do to employees have largely made the actual work relatively easy and burden-free. What he was at pains to point out was that it was now the daily trip to and from work that consumed most of peoples time and energy and wore them out more than their actual work. The recent virus crisis and the increase in people working from home has shown a lot of people that this new way is better, no onerous and physically demanding commutes, no office politics and bitterness, no need even to dress up in compulsory corporate wear unless you are on video conferencing. Many people are now ditching urban housing in favour of rural housing because of this new-found freedom. Many rural communities have open offices which can be rented by the hour so that remote workers can have access to printers, secretarial services, fast internet, meeting rooms etc. These are not owned by a single company but shared by anyone who needs to use it. Many companies are ditching dedicated buildings and office spaces in favour of generic shared office spaces hired by the hour as needed. My wifes office building has been reduced in number of occupants to 1/3 of the original pre-covid amount to allow for social distancing. 2 of my daughters flat mates now work from their rural homes, giving up their city appartments as no longer needed. Many of the neighbouring units are empty due to reduced demand.

[@akuma862005]

Not everybody can afford to leave, not everyone wants to leave their neighborhood. Most want to make it livable otherwise it will just be richer tech people and nobody else. Not a very stable economy and COVID is finally exposing how shitty this inequality is.

[@tradingandinvesting1193]

Exactly. That's what I did before I amassed my wealth with trading. I just moved to a different country and stayed there to build. And now I can be anywhere and live well. Never would stay in super expensive places until I have over 500 million in liquid money though. Seems too dumb to pay 3600+ for rent. I'd rather drive there or be in a hotel for that if I pay that much

[@misaelsantoschatti6313]

Bro, the peasants live better than many citicens.

[@janpallai]

Exactly. The problem is that many employers are still unable to realize this fact that it is beneficial for the employee. And if employee can increase quality of his life on his own, then he can also deliver better results at work which is eventually beneficial for the employer as well. And if I can deliver results at work no matter where I am, I do not see a point to be put into cubicle and made to live in an big expensive city.

[@SuperSivla]

I once toured around the the US, and the one thing i will always take from that visit, was just how deserted many of these middle America towns and cities where. You could walk through a town and never see a single person, all the shops shut. This was actually back in spring 2000. This was middle America and I was really shocked at how many towns and cities we went through that seemed like ghost towns as if everyone had uprooted and moved to another town or city. That part of America where the so called American dream was still alive and well, had no one even living in it.

[@colinhogan5661]

April 2020 was the first lockdown for covid. Almost everywhere was a ghost town

[@Shredow2]

"The rest of the 20th and 21st century" I don't know man, we still have 79 years left in this century. We might replace the silicon semiconductor by the end of it.

[@jeremywong4235]

San Francisco: 1.65 million USD for a detached house Hong Kong: Gotta pump those numbers up, those are rookie numbers in this racket

[@jmitterii2]

Certain districts of NYC has SFC beat too. London too.

[@johnny6148]

hyme town

[@SurferTy]

1 USD = 7.75. Average home in Hong Kong, HK$5.4 M. So Hong Kong average price in USD is $700k. So. Closer to Sacramento costs.

[@kennethli8]

@@jmitterii2 -- True, but why don't you talk about certain districts in SFC like Pacific Heights or the Financial District compared to NYC district. You should also mention other parts of San Francisco Bay Area like Atherton, Hillsborough, Los Altos Hills, and Palo Alto compare to NYC districts.

[@kennethli8]

@Jeremy Wong -- Totally agree with your statement. With the cost in Hong Kong to buy a property, I would choose to live in San Francisco Bay Area. San Francisco Bay Area has better weather, air quality, job prospects, smarter people, nicer people as well. I'm Cantonese and my relatives are Hong Kong people.

[@manufacturedreality8706]

"There is no greater misfortune than greed. " - Lao Tzu

[@dls951]

poverty

[@burningcoal5705]

Excessive pride is the number one misfortune. Reality will kick you in the balls eventually.

[@sammuell3100]

Millions of workers are losing their job but the stock market is celebrating. Everyone is betting on next stimulus package. Stimulus literally mean print trillions of dollars and spent it. Can the future of U.S. economy rely on printing free money?

[@artbytravissmith]

​@Huawei is a criminal organization. What do you think was the motivation for outsourcing to China that helped make companies like Huawei what they are today? the greed of USA's 1% who preferred using a police state to manufacture their goods and increase their profit margins, rather than pay workers in the United States a decent wage. The USA vs. China conflict is the greatest self own in human history. The idea that outsourcing manufacturing to another country, they wouldn't somehow figure out how to do what you do, is hilarious.

[@user-ef4ox1nx5x]

@Huawei is a criminal organization. Falungonger, your boss is dead.

[@celakuchenbaum6275]

"The collapse of American cities has started. And yours ist next." Me, from Germany: Interesting.

[@designerama1099]

Merica Is everything and everyone. All hail biden

[@fullmetaltheorist]

Me in Africa : This is going to be fun to watch.

[@elh305]

Formerly known as Germany. Currently, New Middle East... Why..? Cause guilt.. Keep laughing..👍🏼

[@elh305]

@Per Jeronie Yup, USA is the only country to overly flex it's military might...ummmhmmm👀 Also.... Happy Chanukah.

[@Greg_Chase]

@Per Jeronie Trump was ending that stuff. One of the good things about his presidency was an end to the useless "practice" wars that only served to enrich defense contractors.

[@zeanamush]

It feels like the 1950's again. A brand new shift in the cities. People move to the Suburbs, and new cities rise and fall. A shift from California to the South in this case.

[@tiffany3864]

I don’t think the climate crisis is going to allow that to happen

[@h5mind373]

If the trend toward remote working continues and becomes permanent, employment competition will soon be between you and virtually anyone else on the planet with a good Internet connection. If you think wages are "too low" now, just wait a bit.

[@jwm8723]

i acually think it could be opposite, plus many people still need to up their skill level to go into this new decade (Era/Age) Also who knows when the rest of the world will actually allow Americans in?

[@woodliceworm4565]

Already happening in Engineering, Accounting and Law anything that can be done on software. Even xrays checking and marking of assignments are outsourced to the third world. I see such a massive reaction and bloodletting it makes the French revolution and the Bolsheviks look a children's teddy bear picnic. The hatred and distain towards the elite and towards the ruling dictatorial classes will be at rage levels. And always remember 24 hours without power and we are back in the stone age. This will happen once the people have nothing at all to lose and it could happen very quickly if triggered by the right event.

[@secrets.295]

Not all jobs can be done remotely, in fact very few can be done at home. Even if there is jobs that can be done at home, most people still wanted to go to the office. Many of my office mates doesnt want to work at home, because it is not conducive, they tends to get lazy. Also, maybe you can work at home and communicate online and so on. But I think communications works best and becomes clearer when you have face to face conversations. And last but not least. Do people really want to sit at home 24/7? I dont know about you. But if I have to work at home, eat at home, sleep at home, etc. I will go crazy. i think this whole work at home buzz is over exaggerated.

[@cosmicallis7936]

Right..or God forbid something happens to the internet...😳😳😂😂

[@cosmicallis7936]

@@woodliceworm4565 dude that comment gave me goosebumps...😯😯😯

[@Flyingclam]

What I like about your channel is that you can talk about things declining and changing without sounding like a doomsday prophet. Your very nuance and measured and Im glad your channel is doing well

[@enduringwave87]

@Kassim Baba Jack Chapple is the Satan as he doesn't sound Sorry and Worried about the declining world financial and economical situation and the current Covid19 Pandemic and its lockdown effects on humanity both financially and psychologically - If he was a pure human with a pure good heart he definitely would have had sounded like a DOOMSDAY PROPHET like EPIC ECONOMIST.

[@diturner7247]

@Kassim Baba 😀

[@DoggieNYC]

He didnt pick a side for sure. Which is what everyone does now.

[@tenminutetokyo2643]

The future of humanity is slavery. Can't everyone see it coming?

[@DoggieNYC]

@@tenminutetokyo2643 It has always been that in one way or another.

[@TimIsTryng]

Dang this was a really well put together vid! Glad this was in my recommendations

[@Tommy_Gibbs_II]

Everything that he says in this video has happened in Detroit and on smaller levels to Gary, IN and Flint and we haven't learned how to avoid it in 50 years since those cities began their declines.

[@heyhoe168]

You cant avoid crash. You can only avoid rubble of crashing industrial center on a personal level. Someone will get hurt anyway.

[@b3arwithm3]

Its due to the industry decline. Nothing to do with the city life as he claims

[@montanaman2439]

Detroits coming back now

[@ioanpena]

They filmed from above so you can't see the homelessness and the stinch of piss !

[@StoryGordon]

Your assessment tops mine. I don't see it and haven't installed the smellovision app.

[@sumralltt]

Sounds like Paris, France - lol

[@lizbethbrady8308]

@@StoryGordon 😁😁😁😅😅😂😂😂😂😂

[@fernandoalvarez9613]

You would know because?

[@ioanpena]

@@fernandoalvarez9613 I was homeless for 6 months !!!

[@sparkymcplumpthepolydactyl2079]

North Central Ohio saw this movie in the 80’s! It was called ‘Death of the Auto Industry’.

[@nobodyimportant6851]

I hear you, but ironically, we're building more vehicles in the US now, than at any point in history, with 1/3rd of the people needed during the 80's. Not because of outsourcing, but because of efficiency gains and automation. If nothing else, the video shows that the only constant in this world is change, and to survive, we need to learn to adapt or we'll get left behind.

[@MrKAHutch]

I'm from Southwest Ohio (Dayton) and it's a shame what the Baby Bommers did to manufacturing in Ohio. When my parents graduated in the early 70's GM with their high wages, pensions, and healtrhcare were availaible to anyone with a heartbeat. When my generation was old enough for a job, there were none left...Really sad and the Bommers feel no remorse!

[@rickielarson4069]

@@MrKAHutch The only thing that most baby boomers did wrong was to make it too easy for their children. Please note the spelling, and by the way, your handle appears to oxymoronic.

[@MrKAHutch]

@@rickielarson4069 Please post a picture of your lady doing lunges. Now, as for Ohio we were crippled by the Boomers and their pensions and entitlements. Read it and weap:www.washingtonpost.com/posteverything/wp/2015/11/05/baby-boomers-are-whats-wrong-with-americas-economy/

[@131313griffin]

@@MrKAHutch I see you took the bait they fed you.You can blame it on the boomers but not the ones you are referring to;wall street and the corporation seized control and shipped jobs to cheapest countries.Promising the prices would come down...They did for a bit now you can pay hundreds of dollars for a pair of running shoes made by workers earning under a dollar an hour. The corporations now pit state against state country against country to bid for jobs and have the taxpayer even pay for it.

[@sekarmaltum1695]

When age fell upon the world, and wonder went out of the minds of men; when grey cities reared to smoky skies tall towers grim and ugly, in whose shadow none might dream of the sun or of spring’s flowering meads; when learning stripped earth of her mantle of beauty, and poets sang no more save of twisted phantoms seen with bleared and inward-looking eyes; when these things had come to pass, and childish hopes had gone away forever, there was a man who travelled out of life on a quest into the spaces whither the world’s dreams had fled. Of the name and abode of this man but little is written, for they were of the waking world only; yet it is said that both were obscure. It is enough to know that he dwelt in a city of high walls where sterile twilight reigned, and that he toiled all day among shadow and turmoil, coming home at evening to a room whose one window opened not on the fields and groves but on a dim court where other windows stared in dull despair. From that casement one might see only walls and windows, except sometimes when one leaned far out and peered aloft at the small stars that passed. And because mere walls and windows must soon drive to madness a man who dreams and reads much, the dweller in that room used night after night to lean out and peer aloft to glimpse some fragment of things beyond the waking world and the greyness of tall cities. After years he began to call the slow-sailing stars by name, and to follow them in fancy when they glided regretfully out of sight; till at length his vision opened to many secret vistas whose existence no common eye suspects. And one night a mighty gulf was bridged, and the dream-haunted skies swelled down to the lonely watcher’s window to merge with the close air of his room and make him a part of their fabulous wonder. There came to that room wild streams of violet midnight glittering with dust of gold; vortices of dust and fire, swirling out of the ultimate spaces and heavy with perfumes from beyond the worlds. Opiate oceans poured there, litten by suns that the eye may never behold and having in their whirlpools strange dolphins and sea-nymphs of unrememberable deeps. Noiseless infinity eddied around the dreamer and wafted him away without even touching the body that leaned stiffly from the lonely window; and for days not counted in men’s calendars the tides of far spheres bare him gently to join the dreams for which he longed; the dreams that men have lost. And in the course of many cycles they tenderly left him sleeping on a green sunrise shore; a green shore fragrant with lotus-blossoms and starred by red camalotes.

[@terrifictomm]

In the mid-80s, when modem speeds were barely 1200kbs, I was predicting the shrinking off the cities as more and more people, and their employers, discovered they could work remotely. Not just from home, which has its own problems. Yet I never expected it to take FORTY YEARS! Forty years to embrace one of the most incredible work innovations in history. That is so sad.

[@SamsonBiggz]

The cost of houses and rentals are so over priced. The prices just can't keep going up forever. It's all gonna come crashing down sooner or later.

[@turboredcart]

school teachers refuse to teach but still insist on being paid. If an idiot box is now the education application, then why do I need to pay a human?

[@strickingJAH]

Will crash at Armageddon only be ready

[@sanbruno3606]

PROSPERITY BONANZA

[@Anthony-he3yn]

Hong kong is even worse!! what a shame....

[@luciferangelica]

@@turboredcart idk, it sounds like you're not one so why should you?

[@seathomplay4167]

But if they leave San Fran, they won't get to dodge shit and needles on their sidewalks, why would anyone want to leave all that fun?

[@Luis-ok8el]

Yes I guess liberals like dodging needles on the sidewalk

[@ggc7318]

Hopscotch on 💩 and needles ...so much fun

[@Bmwguy2011]

NE C they do, or they’d leave.

[@lairdriver]

@@Luis-ok8el you think only liberals live in cities?

[@vardhan4594]

San Fran is beautiful ❤️ All this dogding shit and needles..... this is too damn exaggerated

[@av28_93]

"And Yours Is Next" Me (an Australian): guess another city is gonna get chewed up by Sydney's urban sprawl

[@angelachanelhuang1651]

You don't need real estate

[@luckylambdin8269]

I lived in San Francisco from 1985 - 1994. In 1988 I bought a house for $204,000, sold it for $259,000 when I moved away in 1994. In 2014 that house sold for $800,000, & is now valued by Zillow at $1,268,000.

[@heyhoe168]

Wake me up when the bubble go boom.

[@zappos49]

The sad part is during the boom times these cities took on debt, so when things go bad they are going to be real bad

[@Redhunt86]

the sad part is that they allowed the tech industry to replace American workers with foreign workers on work visas. That completely changed the nature of the electorate, as more Americans are pushed out, to be replaced by non-voting residents whose livelihood depends solely on the company which sponsored their visas.

[@stephenpowstinger733]

Just look at the national debt clock, with all the related debts, to see the enormity of debt. Furthermore, many other debts, like social security, Medicare, are not even on the official balance sheets.

[@whocares7144]

@@teriekwilliams2828 hey, your name looks familiar, do you watch BL Ranch, Fieldcraft Survival, or something similar? Maybe it was here, idk lol... Just had to ask 😄

[@rrssmooth6643]

The only thing is these cities make large debt and use all the peasants to pay for it all. All that tower spending is going to shit on those politicians.

[@tylernestor5175]

@@Redhunt86 government caused that. You think those companies wanna pay energy costs to ship stuff back here? It's too expensive and regulated to do business here, that's why they leave.

[@ericcolantonio3391]

"The rumors of my death have been greatly exaggerated." -Mark Twain.

[@resistORserve44]

The Crazy is Real on this ZOO called EARTH

[@johnp7739]

Not in the case of many cities...at least not until you get the insane mayors, DAs, etc. out that will let rioters, criminals, drug addicts, etc. ruin them.

[@barbarajohnson1442]

I think we might be on our way back to cities as nation states. Constantinople, Venice, etc

[@TheJohn_River]

Barbara Johnson interesting idea! I actually haven’t thought of that. Now that’s a big what if

[@JOEL00111]

@@barbarajohnson1442 dystopias is what we're getting!

[@samanthahyer4382]

Absolutley love your videos!!!

[@btetschner]

Thank you for the video.

[@user-sx1jb8gc6s]

'Seattle hasn't experienced these same problems'??? Jack, did you just come out of a coma?

[@marjoriemorris5849]

My mom and I were like, uhhhh Seattle has problems... people are definitely setting it down and backing away.

[@brockstar1311]

Dude you can't even rent a Uhaul in Seattle right now. Everyone is like peace CHAZ/CHOP was cool but im going back to Iowa

[@mylesgray3470]

Median home price in Seattle is over $700k so families are competing for the limited supply of low end undesirable homes which are now around $700k on average thanks to bidding wars.. so basically if you want a home to live in, don’t come here. I’m trying to get a job elsewhere right now.

[@midnightrunner684]

Trump is Seattle's President Too M.A.G.A

[@javee6605]

1, 000, 000 for a fixer in a so so neighborhood.

[@offlimitsservices9830]

Not only in America... you’re just ahead of most places I have a feeling that this will be huge going forward...

[@marcmanmg]

Nope. The bigger you are the bigger the fall. Americas sorrow will be watched throught the world. The rest of the world was always living in sorrow. Babyon america was living and sits as queen and sees no sorrow. Not any more america. Its over

[@ndnrb_]

Marcelo Guzman ok

[@Luis-ok8el]

@@marcmanmg haha ypu realize your the mexican trying to jump the border of course you would say that

[@marcmanmg]

@kshiftkometh rumors only

[@marcmanmg]

@kshiftkometh america is not claiming to be a christian anymore. Who and where in america is claiming to be a cheistian. Republicans?yes some but secular humanism is americas religion. It has been for some time.

[@anthonylattanzi9023]

Kevin i never did catch your take on the Harry Dent interview the other day, would love to know what you think

[@asiersanz8941]

I live in Bilbao (Basque Country) and I don't imagine myself living out of mi city. i feel attached to it, my memories lie here, .... this is simply the place I belong too. And I think that, at least in Europe, that feeling is very usual.

[@nancybarnes29]

an awful lot of good to be said for a sense of "place". continuium of life, flow of seasons, memories good and bad. was better when many people had relatives in the countryside they could visit. not the same reflections in the backround of the mirrors you see yourself in sometimes. neolithic farmer/73/rgw

[@allen7585]

I’m sorry, but this isn’t as bad as people make it out to be. The SanFran, NY and other markets were long overdue for a correction. SanFran rents are almost $4,000 a month for a one bedroom. It was unsustainable to begin with. Even if rents drop 50%, that’s still $2,000 a month. Victoria’s Secret was spending almost $12 million a year just in rent for their store in Manhattan. If anything, this will push the cities to turn back towards to making them a place for more average people and not the elite and wealthy playgrounds. Cities are the first to evolve with the world. Look at all the great world cities. They’ve all been written off and have come back. They all come back in different ways because they adapt. Quite a few people may leave but they will be replaced with others. People who are hoping cities become ghost towns don’t understand economics at all and the central role cities play in the economy of every country on the planet.

[@johnrickard8512]

Agreed. I don't wish failure on anyone, but I must acknowledge that it makes absolutely no sense to live in a city where 1 bedroom costs 4k per month when my current city(and home city) of Wichita does the same for 1/5 the cost, downtown, all expenses paid!

[@andrewdock7288]

I think things may be a little different because of the web. I think the city was a very 20 th century development. But l think the west may have to many big cities with declining population you may only need 2 or 3 big cities not dozens.

[@thomastuohy829]

Great comment until your assumptions about people's understanding of economics. That was not an emotionally intelligent comment to write. You want to be able to look a person in the eye when you tell them they're dumb.

[@bingbong5340]

Then why are people leaving?

[@russellharvey698]

will rents drop by 50%? or house prices 50%? dreaming.

[@fifthcolumn388]

I’ve been saying for years that cities as we know them currently only exist based on the inertia caused by everything being there because that was once economically necessary.

[@dustywaxhead]

Cities are more than economic hubs. They are cultural and social hubs. Humans are inherently social and gravitate towards settlements. Logic.

[@1370802]

True. But I think this downward trend will only be in a few countries. A lot of countries still don’t have nationwide electrical grids, so cities are still necessary.

[@marjoriemorris5849]

serendipidus1 I appreciate the consistency with which you spell “restaurant.”

[@heinzpechliwanis1411]

13:57 "ppl will return when the virus is under control, likely 2021" - aged like milk

[@carlgreisheimer5278]

Don't underestimate the need of water.

[@johnfrank4351]

Start: “THE COLLAPSE OF CITIES HAS BEGUN!!!” Finish: “Ok, not really.”

[@engagementengagement8836]

It’s only really happening in San Francisco

[@QuanahParker17]

@@engagementengagement8836 Give it time......

[@johnfrank4351]

@sean k Doesn't change balance of resources. Find another conspiracy theory to assert.

[@johnfrank4351]

@sean k It is not a "fact" that fiat currency will cause their reduction. Not remotely.

[@dtvjho]

@@engagementengagement8836 Nope. It's happening in multiple cities where the mayors didn't put down the violence. Most people don't react well to the 'defund the police' crap. If they're not ready to arm themselves and form posses, they've leaving. NYC has lost population, enough that I heard today that NY state now stands to lose a house seat.

[@CTP1111]

People are moving to Reno, Nevada in droves from the bay area, the lack of taxes is very refreshing

[@muj3595]

And yet they still vote for the same policies that drove them out of the Bay Area

[@CTP1111]

@@muj3595 yeah people are idiots, what can I say

[@nicholasdean3467]

@@muj3595 or they could leave because they are tired of traffic. As LA and bay area has the worst traffic in the US. So there is no reason to stay because more and more tech jobs are remote/have the option of being remote.

[@stevenroth5424]

They are like locust , they turn your citys and towns into the very thing they left behind, Parasites kill their host.

[@eyangamedud3293]

The high taxes are for basic social needs that the cities provide. Cities won't decline but will grow

[@mikeall7012]

NY state taxes and property taxes are ridiculous too. Ain't nobody got time for that.

[@Corrupt_W]

"and yours is next" *laughs in europeen

[@MATT-qu7pl]

I wish people over here in the US embraced urban areas the way that europeans do. Suburban sprawl is so cultureless and inefficient, quality of life here is going to go down greatly in my lifetime I'm afraid.

[@kfiercescene4524]

Anyone else get anxiety from the van shifting lanes that clip had me nervous for that driver lol

[@wesdickinson8004]

Yes that van made me nervous sneaking into the lane of traffic.

[@nobodyimportant6851]

No kidding! I saw that & thought, Whoa! WTF? Maybe the camera angle made the gap between the vehicles appear less than it really was. It sure looked like the front of the car & the back of the van were literally touching, but the car didn't even slow down or swerve. The shadows indicate there's at least a few feet of space, so if it's not an illusion from the camera angle, maybe they're all F1 drivers on their daily commute to the track, LOL.

[@AwesomeHairo]

Haha same

[@claudemiquel4535]

Nobody Important ..

[@dalo5261]

12:45

[@MJ-zo5gb]

A large decline in demand for housing will drive down prices and attract people back to the city, theoretically. Especially if the city is has a lot to offer as far as beauty, culture and entertainment. I have been to Detroit; they don’t have anything of these things.

[@blainerouault3907]

Detroit is economically (but not geographically) a "rust belt" city. It's magic because, what you see there is what is left of America's middle class. Tragic.

[@thavvisionary8912]

@@blainerouault3907 Peace & Love Blaine, Could You Slightly Elaborate Further Regarding What You Mean By "Rust Belt" City?!?!!? You Don't Think The City Could Make A Massive 180° Turn If, Let's Say: Hypothetically Speaking, A Few Tech Companies Spring Up And House Their Headquarters In Detroit; Driving Growth, Efficient Housing Development, Industrial Expansion And Massive Innovation?!?!!? Thanks For Reading. Peace & Love!!! #BLICKET

[@Redhunt86]

SF is endemically short on housing due to them voting in Dems whom want to maintain the cities' skyline.

[@chairmanofrussia]

Red NIMBY’s tend to be moderates and conservatives. The only reason Houston isn’t as expensive (and it will be eventually, because they’re built out and not up) is because it’s on flat land and has a lot of room. SF doesn’t have that. Last time my state went republican, my folks almost took massive pay cuts and lost everything they had. I would never have had the means to move and meet the people I did and start my business had that happened. Try again.

[@xfhghe]

A large urban region can sustain itself if it has a diverse economic base. That is the magnet that will keep people there at least until they can retire. The disadvantage of rural areas is the ability to make a decent living, remote work or not.

[@Satchmojones]

The internet as we know it is what 20-25 years old, this was always gonna happen, covid sped it up but the writing has been on the wall for a while lotta shits gonna change in the next hundred years both exciting and scary.

[@saintarj4552]

I can't imagine people not living in cities, it's like a metronome, prices go up and people leave and then they come down and people return, and seeing as there's so many apartments in cities they'll come down eventually

[@lancomeist]

Coming from England and seeing London a ghost town i think expensive cities will change for the future. Why pay those extorburant fees when you can work from home? The problem is the retail and hospitality sector that was built to accomodate these commuters cannot hang on for their return and so what made cities attractive with these businesses and bars will become a microscopic version of what once was! We are in the middle of the tech revolution brought forward by years by this pandemic we just wernt ready for it and so people are selling up and moving out. The more time moves on the prices will fall and then the danger of negative equity comes in for these sellers. Hmmm what next?

[@stephenpowstinger733]

lancomeist the costs of fighting the pandemic by shutdown are mounting. The government has underestimated the costs, which is human suffering in its own right.

[@Josefk40]

the flaw of this analysis is that is based on that idea that we can just work online and that we don't care about being in a working environment, interacting with our colleagues, exchanging ideas etc. in a face to face basis. Home working is a trend but it will exhaust at same point.

[@lancomeist]

@@Josefk40 completely agree im a store manager so have to work out from my home. I would hate to work from home but i cant believe cooperate London has said hey stay working from home till 2021...its a nightmare especially for those living alone. Its not what they signed up for but like so many its what we are doing to keep working!!

[@joyhoss7804]

Small cities are small because no one willing to live there for a lot of reasons. I don’t know why people make a complaining about living in big cities are expensive .big cities are expensive in every country around the world. If California and New York get cheaper I am sure a lot of rich foreign investor would buy them in a heart beat.

[@joyhoss7804]

London doesn’t have a beautiful sun and ocean and mountain that we got in the California. I spend one week as a tourist in London it is beautiful but Weather is very important to me.

[@IMagnus123123123]

No way should the federal government pay for state debt.

[@RockwellAIM65]

Most of it will be written off. California is not Michigan.

[@kushkingla7385]

How is it written off, just going to cancel bonds?

[@saintanthonygoodchild1288]

Well that’d be impossible anyway since that account’s been trillions over-drawn for how may decades now?

[@Thebobbyman]

considering cities cost a lot to keep up and the econmy went to shit and tax revenue is down. yeah feds should bailout. they can borrow as much money as they want and the debt doesnt actually matter

[@kushkingla7385]

@@Thebobbyman I guess, if you want to kick the can down the road. Until you hit a wall or a cliff.

[@DSNRaju-yb1qv]

Very nicely and clearly explained

[@devmaster7587]

Would be nice if you would make follow up video to this one it's VERY interesting

[@SuperTonyony]

"The rents are too damn high!"

[@mikehoot3978]

government regulations and taxes

[@scottgrohs5940]

Lack of controls on rent gouging, caused by the owners’ insistence on unsustainable profits.

[@elliottcarson1248]

But I thought living in a tiny expensive apartment and taking a smelly subway to work was sooooo trendy.

[@elliottcarson1248]

@fane babanu idk I kinda like living in a big affordable house, having my own yard and being able to own a car without worrying about paying a fortune for parking.

[@elliottcarson1248]

@fane babanu I live in Alberta Canada and I can visit a place like that whenever I want with the money I save living in "hick town" I'd just rather not pay the ridiculous living expenses and have to deal with the crime, riots and all the other nonsense. Besides where I live we still have great parks, mountain bike trails and campsites. Lots of people take their boats to the lake on the weekend and I'm only an hour anyway from the rocky mountains. It's not like there's nothing to do out here especially if you enjoy nature lol

[@elliottcarson1248]

@fane babanu Is it really worth the money though? We have bars and clubs here too they just don't have any fancy name recognition. It's also easy to have fun out here if your creative about it. For example camping out somewhere with friends to drink and party or simply having a bbq in the backyard or going kayaking. I enjoy that more than going to a fancy bar just so I can show off on social media. I also find it really convenient having a vehicle for the times I need it and my city dosen't punish me for doing so.

[@elliottcarson1248]

@fane babanu I hope I didn't come off as rude there. I do actually understand your argument but I just like the lifestyle of a small city alot more because of the convenience, space and low expenses.

[@elliottcarson1248]

@Sasha Da Masta it's not so much about the house, car and yard that provides fullfilment but rather the financial freedom, the ability to travel to unique places, the time spent with friends and family which makes the boring suburb feel like home and if your lucky working a career you enjoy doing. Granted things may be farther away and sometime you do need to drive somewhere to walk or hike but it's still possible to enjoy nature. I'm lucky to be so close to banff and jasper national park but I understand not all small city suburbs have something like that within driving distance. I've been to Oregon btw and I must say it really is beautiful down there 🙂

[@Psilocybin77]

That's weird I was thinking about how telecommuting might effect where people live, as I was wishing I could telecommute. If I had the opportunity I'd love to live on a lake around where I live.

[@KB10GL]

Bailed out of my state capitol city over 40 years ago in 1980. Too many faces & not enough spaces. Moved to a small village about 180k [about 115 miles] away & started & raised a family there. Now an empty nester & on my own I bought a humble cottage in a regional city of only 25,000 a further 70k [about 43 miles] further out about three years ago. The population here has remained relatively stable for more than 60 years, so, .... only two hours from the state capitol & one hour from the national capitol & along side a main arterial highway. Doesn't get any better than that.

[@silvy7394]

I love how everyone's moving to the smaller city's and whatever because of that without realizing that by everyone moving to these smaller city's you're just growing them to bigger ones.

[@stevyd]

Ashville North Carolina is a great example. 5 years ago, it was on everyone's best small city list. Now there are complaints of quickly rising prices (not for Californians moving in, but from the young adults whose families have lived there for generations), homelessness, and increasing crime. So the secret is to stay small, with no jobs, not be cute or scenic, and don't be known for friendliness.

[@Nicholas-ks8xp]

And the cycle will begin anew

[@analyticalhabitrails9857]

Yup you just said what I couldn't find the words to say for decades. Finally.

[@blackhawk32b4]

Its no tha they are big cities it is how they are run

[@jodyguilbeaux8225]

RIGHT, it is common sense

[@DasJaegar]

Why would I pay a premium to live in a city that has needles on the street and homeless people trying to hurt or rob me 🤔

[@DasJaegar]

A C you have a good point, but damn the city is a mess right now. There’s an exit tax for the rich so getting rich doesn’t even make sense anymore 😭

[@MaggotMuseum]

@A C You make a good point on your first sentence. However, SF is SO bad that there is no way you can avoid needles, poop, and people running around screaming unless you live in a very wealthy neighborhood or are so far away from downtown and don't leave your home. They are moving the encampments to different districts of SF. They did the same thing for the Superbowl in 2016 to appear clean to visitors. The homeless came back to downtown areas because of tourism and panhandling, some for drugs, and others for basic needs. But now they aren't coming back as quickly because there isn't much tourism right now.

[@allenwatkins4972]

Why indeed?? I wouldn't live in pest hole like that if I were paid to.

[@christiane.g.4142]

Raheem Campbell And don't forget the shitmap, lol

[@robinpotter3475]

OMG, stop. Do you like when ppl don't want to live in your neighborhood? Have some damn empathy

[@terrygelinas4593]

Will be interesting to see how things settle, following the COVID lockdowns. Also if you don't mind car dependence and doing less walking, then suburbs are for you. Also there are more houses in the city (per length of street) compared to suburbs, so city street maintenance (paving/sewage) is more sustainable from a tax base point of view. I know this is a bigger problem in the USA. Finally, I see neighbours keeping their houses in the beautiful walkable city neighbourhoods (cafes, stores, parks, neighbours), and purchasing a second property outside the city (such as a cottage home), and they can work at both locations (even renting one out).

[@gregrobinson1304]

At 6:23, I think you have a clip of the Venice boardwalk in SoCal

[@Rethanos]

The reason for this is simple: Fed market manipulation using all taxpayer dollars to prop up asset prices in favor of the asset holders (the rich). Look no further than interest rates. 40 years of falling rates has only made everything more expensive, while punishing savers.

[@ndnrb_]

Facts. How can rates keep falling and everyone think it’s okay?

[@Buzz-Of-Craze]

the fed keep pumping the stock market and not to the people

[@Rethanos]

@@ndnrb_ because it benefits gamblers and companies. It's like asking a drug addict why they think its OK to be given more heroin.

[@ndnrb_]

Pat Micucci How the fuck does low interest make things LESS expensive? Please explain your reasoning. I’m waiting. Wanna know how I can tell you’ve never read basic supply and demand?

[@ndnrb_]

Pat Micucci It makes it cheaper to BORROW and that’s it

[@value8035]

In 20 years to the future: Lets go to the city today! Put on the VR set.

[@saintanthonygoodchild1288]

Oh I thought that’s was now. Cause, I mean, well...

[@morten1]

Sure if electricity is still working ;)

[@PacifictheCasualGamer]

That's a mood lol

[@axisboss1654]

14:20 Vancouver is a major exception with a very high cost of living that saw a massive increase in house prices in 2020 and 2021. Already was ranked at the least affordable city in the world before the pandemic and the costs only rose and there wasn’t a bunch of empty places because few actually left.

[@Moribus_Artibus]

I dont live in an uptight Yankee state. I live in savage ass Florida. We're growing more and more each year

[@solorollo9756]

Stay savage brother

[@funny-video-YouTube-channel]

*Large cities* are like a station in life. Most people move on to the smaller city or suburbs.

[@oerthling]

Suburbs are unsustainable. We need humanity in efficient cities. We'll soon be 10 or 11 billion people. If we're spread all over the place we use up too much land area. Cities are more efficient for transport and supply. And use much less space per person. That area is valuable for agricultural or reforestation or even wilderness.

[@qjtvaddict]

And are mostly connected by extensive rail networks unlike primitive US cities

[@qjtvaddict]

oerthling one problem US and Americas in general is very bad at doing cities

[@a-10wartaboo77]

Half of all suburbs should be considered the greater city since you would work and play there on the weekends.

[@hairharbor5080]

@@oerthling First of all, birthrates are declining fast worldwide. Future overpopulation is a myth. Second these "sustainable" cities you refer to are also the least efficient with tax dollars and desirability. Hey big cities are cool but despite everything people still tend to prefer suburbs (especially as they get older).

[@djfalong]

The land where Fairchild was is still polluted to this day. One of the biggest chemical disasters in the valleys history

[@peterpamlockwood]

Everything FINALLY EXPOSED > "SHADOWGATE " before its Banned...why BLM riots DEM /Gov Corruption !!!!!!!!!!

[@lawrencebrown3677]

I doubt if there is any part of the USA is untouched by pollution of some sort

[@djfalong]

True, just mentioned that because I lived in the area. Worked for NASA AMES, and the pollution up their is incredible. That area was primarily military so they most likely are the culprits.

[@patriciaekenstam888]

Living in big cities is now too expensive and people have to work more and family time is very difficult. Country living is becoming more popular and more in remote areas. With more available satellite internet and new tech for use of solar power, people are looking for a more simple type of life, and fleeting the cities. I live in a small town and I love it.

[@jimbarrofficial]

Boston suburbs are once again seeing major upswing. Although I live in Boston-metro, and prices didn't drop a penny in my area.

[@kalskirata8914]

This is an excellent video. I’m a realtor with two active listings in the downtown area of my city and they’re not getting anywhere near the same traction that other listings in the suburbs or plots of land are. Thank you for articulating this so well

[@justinpachi3707]

Great video! But it’s also more than just economic factors. There’s also political developments that factor in such as the increasing ineptitude and corruption of state and local governments as well.

[@dianemitchell5770]

Justin Pachi This is what happens when you elect democrats

[@justinpachi3707]

@@dianemitchell5770 Yeah I'm from CA and I'm basically forced to watch helplessly as my home state slowly rots from the inside.

[@sfrealestatedealmaker6001]

Justin Pachi Move elsewhere. It’s still a free country. 🇺🇸

[@justinpachi3707]

@@sfrealestatedealmaker6001 Not everyone has that option. Plus there's still university which a lot of us early 20 year olds have to contend with.

[@sfrealestatedealmaker6001]

Justin Pachi Start making plans heading in that direction. If you can’t change the way things are, don’t stay and suffer..

[@badass6300]

This is good. Centralization has mostly brought negatives. It's bad for society as big cities have no community, are very a-social and people start being treated as expendable be it in work or by just other people around them.

[@THE210show]

Charleston WV been fallen, check it out, some use to call it little NY back in the 1920s, now even our Mall is struggling to survive

[@jtg01dfish81]

When I read this title I was under the impression that people were moving from cities to the country. Not from Humongous cities to Very large cities

[@jameskrug9938]

There's a real thing in science called "trend analysis". The primary tenant of trend analysis is that trends DO NOT reverse themselves EVER! All trends play out to their natural logical conclusion. The Great Depression of the '30s is a wonderful example of an economic trend of the prior 43 years that resolved to a natural logical conclusion. The American economy had to be rebuilt virtually from scratch after 1932.

[@sitdowndogbreath]

So what is our immediate trend

[@oerthling]

Not quite sure if you're joking or not. The only thing we can be totally certain about trends is that they don't keep on going.

[@bentline]

@@oerthling a scientific trend is different than a fashion trend or social trend....I think...haha

[@jameskrug9938]

@@sitdowndogbreath The immediate trend is astonishingly simple--- MORE OF THE SAME. The current economic paradigm since 1974 has been so incredibly successful for the rich that they don't dare try to change it in any way. And since the rich are in control globally, both economically AND politically, the immediate trends WILL persist. The only threat to the current status-quo is if the masses start to go hungry. If this happens the affluent will lose confidence in their systems of accumulation. This is why EBT and food lines are increasing dramatically to balance this threat. As far as Real Estate--- it is no longer a realistic market for the "middle class". The only people investing in property are the top 15% of wealth earners. In point of fact, the entire global economy is being tailored toward the top 20% of wage earners. Everyone else is simply expected NOT to be consumers in any significant way. If you can afford Real Estate, find your best buy and feel confident in your investment but, when it comes time to sell, do not expect the sale to be quick.

[@jameskrug9938]

@@oerthling You are absolutely correct, "...they don't keep on going." All trends continue until they reach a natural end point. The Bolshevik Revolution was the only possible natural conclusion of the Tsarist form of economics that gripped Russia in the late 19th / early 20th centuries. History is replete with examples of trends that continue sometimes for generations before they are exhausted. There are many such examples in the natural world as well.

[@davidyuhas738]

Nice Job!

[@antoniobolognio7100]

Same in NYC and Philly. So now in NJ there charging outrageous prices for rent in nj. My mortgage in nj was $1200 a month. These fools in apartments are charging $2500 a month to start for a 1 bedroom. !!! It's stupid!!!

[@georgewilliam8501]

I couldn't stand living in a crowded city. I like my large modern home, and not have to fight crowds of people for a seat on a subway. I like my large yard, with all the privacy. So for me cities are no good.

[@Aumi777]

The cities provides a wealth of leisures offered nowhere else except big cities. Food from every single culture, dessert, dinner and lunch. Non stop events within close proximity. I traveled all over the world. And NYC is my only choice. You get quality grade meals from Indian, Japanese, Chinese, African, Italian and Spanish. This also brings cultural supermarkets dedicated to provide quality culture specific food. Let me know when you want to enjoy food. I prefer a small place where my backyard are restaurants, pool, gym, movie, parks, museums, sightseeing... Most important part are resources to build a great business.

[@georgewilliam8501]

NYC is a great place to visit, but it's not my ideal place to live. I have nothing against cities, it's just not my way of living. People who like to live in cities are welcome to do so, if that's what they like.

[@beatalert123]

@Aumi777 you can get these now in tier 2 cities at half the cost. In my country, India, tier 2 cities are really stepping up and providing a very good quality of life. Super fast internet, Great Housing, Amenities, Cabs and Food a click away, malls and other fun activities, good transportation, Good education etc Everything at half to less than half the price of cities like Banagalore.. Then why live in a city?

[@Jason-fm4my]

@@beatalert123 Pretty much the same story in the US.

[@philmarsh3859]

It's irritating that CEOs keep placing jobs in large cities. I wish there were something we could do stop this.

[@griffo110]

Everything is cyclical, eventually people will pine for what used to be city life and return in droves

[@xxxdroidmonkeyxxx]

Seems like Detroit never got that memo.

[@iironhide6209]

droid monkey Detroit never offered the best city life since globalization began to occur. Other cities filled up that mantle.

[@jackwebb4934]

The retired NYC Jewish flocked to FL decades ago. Many went back to NYC. They missed the comfort of their culture.

[@Redhunt86]

you forgot that the tech industry has been systemically replacing American workers with Indian workers. Right now, 50% of tech workers in the area are foreign, and 90% of that are from India, on work visas. these foreign workers only care about making money, and winning the green card lottery. Without the recently blocked bill, these Indian temporary workers would had a fast lane , bypassing country-limit quotas, and other nationals in-queue.

[@the0ne809]

@@xxxdroidmonkeyxxx the problem with Detroit is that it had all its eggs in one basket. When the auto industry left it was game over.

[@joshuatayloe8616]

Mega Cities have been decreasing for quite some time on a multi faceted level. The biggest problems facing them now are declining birth rates and a rise in remote working capabilities, but the single biggest problem which has been happening for decades is the cost of living. As pointed out in the video a salary capable of buying a huge house in the suburbs won't even get a condo in some Mega Cities. The main attraction of Mega Cities was to young people without families as the birth rate decreases there are less young people to flock to Mega Cities. Remote working allows people to work from anywhere they wish which may/will lead those people who have families to move to areas with a more affordable cost of living. Of course that will also drive wages down as a result because if a company can pay someone half as much as you and get the same productivity they will pay the cheaper salary. For instance 200k annually in Cali won't go as far as 100k annually in Montana so a worker in Montana may be willing to do the same remote job for half the salary. That also applies Globally and the increase in remote working will likely lead to more Globalization as companies can pay workers in other countries fractions of the cost of those in their home countries.

[@AndrewSheldon]

Nice video. I love city and country. I work from home. I have a place in Tokyo fringe, and rural city in NZ. Summer-to-summer. Culture-to-culture. Cities are a buzz. I only want a box there, or to stay in one for a day-or-two, like a Japanese capsule hotel. But if you can afford, cities are indispensable.

[@Brave2standalone]

People are moving out of those mega-cities not only due to pandemic and high cost of living but SAFETY, too! Living in those cities has become dangerous.

[@rof8200]

That's correct. Here is the Neighborhood Scout ranking of the most crime-ridden cities and their mayors. 1. Detroit Violent crime rate (per 1,000 residents): 20.0 Odds of being a victim: 1 in 50 Mayor: Michael Edward Duggan, Democrat 2. Memphis, Tennessee Violent crime rate (per 1,000 residents): 19.5 Odds of being a victim: 1 in 51 Mayor: Jim Strickland, Democrat 3. Birmingham, Alabama Violent crime rate (per 1,000 residents): 19.3 Odds of being a victim: 1 in 52 Mayor: Randall Woodfin, Democrat 4. Baltimore Violent crime rate (per 1,000 residents): 18.5 Odds of being a victim: 1 in 54 Mayor: Jack Young, Democrat 5. Flint, Michigan Violent crime rate (per 1,000 residents): 18.3 Odds of being a victim: 1 in 55 Mayor: Sheldon Neely, Democrat 6. St. Louis Violent crime rate (per 1,000 residents): 18.2 Odds of being a victim: 1 in 55 Mayor: Lyda Krewson, Democrat 7. Danville, Illinois Violent crime rate (per 1,000 residents): 18.0 Odds of being a victim: 1 in 55 Mayor: Ricky Williams Jr. (nonpartisan election) 8. Saginaw, Michigan Violent crime rate (per 1,000 residents): 16.7 Odds of being a victim: 1 in 60 Mayor: Floyd Kloc (nonpartisan election) 9. Wilmington, Delaware Violent crime rate (per 1,000 residents): 16.3 Odds of being a victim: 1 in 61 Mayor: Mike Purzycki, Democrat 10. Camden, New Jersey Violent crime rate (per 1,000 residents): 16.2 Odds of being a victim: 1 in 62 Mayor: Francisco Moran, Democrat 11. Pine Bluff, Arkansas Violent crime rate (per 1,000 residents): 16.0 Odds of being a victim: 1 in 62 Mayor: Shirley Washington, Democrat 12. Kansas City, Missouri Violent crime rate (per 1,000 residents): 15.9 Odds of being a victim: 1 in 63 Mayor: Quinton Lucas, Democrat 13. San Bernardino, California Violent crime rate (per 1,000 residents): 15.3 Odds of being a victim: 1 in 65 Mayor: John Valdivia, Democrat 14. Alexandria, Louisiana Violent crime rate (per 1,000 residents): 14.6 Odds of being a victim: 1 in 68 Mayor: Jeffrey Hall, Democrat 15. Little Rock, Arkansas Violent crime rate (per 1,000 residents): 14.6 Odds of being a victim: 1 in 68 Mayor: Frank Scott Jr., Democrat 16. Cleveland Violent crime rate (per 1,000 residents): 14.5 Odds of being a victim: 1 in 69 Mayor: Frank Jackson, Democrat 17. Milwaukee Violent crime rate (per 1,000 residents): 14.3 Odds of being a victim: 1 in 70 Mayor: Tom Barrett, Democrat 18. Stockton, California Violent crime rate (per 1,000 residents): 14.2 Odds of being a victim: 1 in 70 Mayor: Michael Tubbs, Democrat 19. Monroe, Louisiana Violent crime rate (per 1,000 residents): 14.1 Odds of being a victim: 1 in 71 Mayor: James Earl Mayo, Democrat 20. Chester, Pennsylvania Violent crime rate (per 1,000 residents): 14.0 Odds of being a victim: 1 in 71 Mayor: Thaddeus Kirkland, Democrat

[@anneugartechea7650]

To which, open carry licenses will go up. Will there be enough coroners? And, if the judicial system continues to fracture, where are we going to house the criminal population? Imagine charging a felon a couple thousand (per month) for his jail cell...

[@mwbenedict6297]

We are at the opposite side of the scale. We grew up in a small town and now our small town way of life is under attack by the city people moving in. Property prices are out of control and our small city resources are running out. Sigh. I wanted to expand my thoughts on this previous post. Our small town where everyone knows everyone else is under attack. The housing market shot up and is currently out of control. A house around $100,000 just a few years ago is now over $300,000 to $500,000 making it hard for our kids to purchase a house. The local stores are not equipped to take on so many people so fast and are currently running out of goods as fast as they get them. This means a shopping trip went from a relaxing retirement stroll to a military planned operation to get what we need. Our town in particular has it's own water and sewer treatment only designed for so many people. These two town resources are being maxed out forcing the town to implement laws like when you can use water (like watering your lawn.) Lastly what I am finding is that people from the Big cities are moving here, but later losing their jobs. There simply are not many jobs in this area, and especially don't pay what they are used to. This leaves a lot of these people homeless as they purchased houses that they simply can't afford, and a town with out the food banks or shelters to deal with the homeless. If I was going to make a future prediction I would say that there are a lot of people living outside their means. They purchased houses at extremely low interest rates, that are currently over valued due to the current change in economy, and these people are still living pay cheque to pay cheque. If they lose their job, or the interest rates rise like they have in the past (Thinking of the 80's), or even the housing market settles back to a more stable rate this could force most of the people onto the street. Now I can hear the newer generation now saying that the government would never let this happen. How ever this simply is not true. It has happened many times in the past, and besides these shake ups in the economy is when millionaires are made. I come from a Banking Family, and was at a lecture where the speaker was taking about if the bank made a few small changes they could almost eliminate bankruptcies. the place erupted in to conversation, until one guy started to talk. At that moment you know who the big guy was. All he said was ,"But it's during Bankruptcies that we make most of our money!" , And with that the lecture was over...

[@indio2520]

I can see that for certain! Ask anyone who lives in California Central Valley towns and cities!

[@lckoolg622]

From the other side of Earth I echo your words. Major cities in Australia have experienced housing price increases of 400-1000 %. The result of the severe population lockdown (into its 4th month) in Melbourne is a projected population fall of 10% over 3 years. Many similar factors in USA and Australia. Friends and Allies forever!

[@mwbenedict6297]

@@lckoolg622 Thank you for sharing, that's crazy. I wonder how many other countries it's effecting.

[@furtfurt]

Interesting anecdote. The common theme is bankers fleecing the general public.

[@lckoolg622]

@@mwbenedict6297 I dont know MW, just trying to remain focused on Plan A.B and C

[@RnWSolutions]

Unless I missed it he didn't mention Xerox's PARC started in 1970 which spawned a lot of the companies mentioned and HP was also omitted which was a huge influence in tge Palo Alto area.

[@ballergoat]

I live in Marion, Illinois. It is officially known as a suburb of Carbondale despite how large it is. My SUBURB is next.

[@somchai9033]

I used to live in Marion but I didn’t get out much if you know what I mean.

[@aprilkitten]

You're right. I own a home in Sacramento and I can't keep up with all the offers I'm getting and my house isn't even listed for sale. Prices are rapidly climbing and buyers are having bidding wars. I could easily sell my home for over $300,000 more than what I paid.

[@paulherzog9605]

Do it quick, before it changes

[@robertbobbypelletreaujr2173]

🙂

[@thisisatest3236]

@TBona the two that have offers. Take them and run, not walk, run to the middle of nowhere. By the end of the year to first of next year you will owe money. Take that extra money and build you a log cabin on some land in the middle of nowhere. Do it in a month if you can. Don't wait. You will regret it next year. I promise. Get away while you still can. That is a lot of money in another state. Go where ever you need to. You were warned. Mark my words. Good luck to everyone come the end of the year and next year.

[@aprilkitten]

@TBona Moving to the "middle of nowhere" would be ideal, but I'm single and would rather not do that alone. I've just hired a contractor to prepare to sell just in case. Maybe I'll get lucky and someone will knock on my door and say, hey I know the path to nowhere, come on, I'll take you there!

[@aprilkitten]

@@paulherzog9605 What if I sell / liquidate and before I find something new to buy they delete the digital numbers in my bank account?

[@cosmoevents21st56]

The mega cities will eventually look like the movies Escape from New York and Escape from L.A.

[@hamishgaffaney5323]

I was thinking more like judge Dredd mega cities

[@MLEPOS1]

Trump has the blame for his divisive message over 3 years.

[@Luis-ok8el]

@@MLEPOS1 you realize the reason for this is because of corona virus but of course you the liberal would blame trump

[@katjerouac]

Except LA isn't a Megacity

[@AUniqueHandleName444]

"Eventually"? It's that way right now.

[@tonyshortland8812]

Detroit has been way ahead of the wave!...

[@burgerbirger2221]

Work in tech, have barely been at the office since March last year.

[@btfcam]

Most cities in the US: omg were running out of money and people are leaving by the thousands! We need help! Detroit: **laughs**

[@ediodimacaroni]

Detroit: *first time?*

[@mindexpanding1]

Unfortunately it’s not most. Blue cities and states make up over 70%. Facts are facts. Mismanagement and corruption are the culprits- DeBlassio, Cuomo and James.

[@mindexpanding1]

Fitz the dragon What are you talking about ???? It’s about the destruction of vibrant and prosperous places. NYC (DeBlasio & IL Duce -Cuomo) are /have negatively impacted all NYC SUBURBS and the Entire State, also North East Jersey. Have you ever even been there? Not just for a visit. Lived, worked and not the tourist overpriced garbage attractions. A “savey NYer “ never patronizes these venues except when out of town friends/family visit and you are obligated to escort them. Waiting on long lines and paying exorbitant prices . Never believe the “I Love NY” media propaganda and street “schills”. We locals laugh at “Scams” being perpetuated. The whole tourist industry in NYC is bait/switch, a con.

[@sentinal1565]

@@mindexpanding1 I just recently moved out of NY to GA it was the best decision I've made so far primarily because it's way cheaper.

[@mindexpanding1]

@@sentinal1565 I am right behind you, best of luck to you and yours.

[@EddieVBlueIsland]

Add Chicago to that list - even with our "Bean" - we do have fresh water -LOTS of it (thank you great lakes - love those 1/2 showers)

[@elizabethstart7466]

The census says that Chicago increased in size. So no don't add Chicago.

[@oginsights5340]

I must be tough to not be able to get a full shower.

[@edwardmccain5099]

Great prognosis based on certain facts!

[@salnightingale]

This video is fantastic. You know intelligence when someone can explain a complicated topic with simple concepts.

[@BraveFencer]

And now a lot of those “techies” are moving to Texas into Austin and guess what is happening in Austin?

[@amariongabriele9354]

Isn't it funny that tech is moving to Dallas and Austin, with acting and entertainment moving to Atlanta? California is losing both.

[@SamuelChac0n]

ther are a lot more "techies"?

[@LGnLA]

@Destiny tran And million dollar businesses have jumped into that loophole... Disneyland (among others) for example, pay taxes like they are in 1978 when Prop 13 was passed... so NOW this is being challenged by Prop 15, businesses are ready to leave...

[@kennethkirklin6959]

@@LGnLA Once those without assets find out they can steal that which is yours legally, through the ballot box they will help themselves to your wealth. Thats whats happened in California. They have killed the Goose that laid the golden egg.

[@jimgrady8004]

@@amariongabriele9354 I feel sorry for Dallas and Austin. The prices in the neighborhood will go up but the quality of your neighbors is going to plummet. Just don't let them name anyplace "Beverly Hills."

[@donparkison4617]

When talking about Silicon Valley companies, you skipped Hewlett-Packard. Really one of the first big tech companies as we know them.

[@gr8fullfred]

technically the first tech company in Silicon Valley

[@Chrissy2230]

Yeah, Steve Jobs worked there and I believe stole some of there knowledge.

[@donparkison4617]

@@Chrissy2230 It was actually Steve Wozniak, the actual inventor of the machines. Wozniak hand soldered the original machines using HP parts (but this was encouraged by HP). He gave HP first rights to the machine, but they passed on it giving him the right to partner with Jobs to create Apple. Jobs was more of a designer and helped with the operating system, but that was mostly created by Xerox. Jobs didnt really invent anything, but he was a hell of a marketer. Wozniak believes that you need both sides to be a success. The guy with ideas about design and marketing and the engineers that can make it happen. But yea, Steve Wozniak was the real genius engineer of the two.

[@Chrissy2230]

@@donparkison4617 cool, thanks for the information. I did read that Bill H gave Steve Jobs a job on the production line when he was young.

[@sanbruno3606]

PROSPERITY BONANZA

[@PacifictheCasualGamer]

Where I live, wages go up by about 6% every 2-3 years, but food goes up by 10-15% in that same time frame

[@ballerbalgruuf]

That lane change at 12:45 gave me a heart attack.

[@roberthutchins4297]

Heck! Are you OK now? Hope you´ve got a good doc.!

[@piccadelly9360]

When you reached the top of the mountain you can't go up, you have to come down

[@clublulu399]

In other words, the big boyz rolled through and claimed San Fran, waving bye bye to the middle and lower classes.

[@Psilocybin77]

I like going through comment threads to see how long it takes for the conversation to derail into politics or conspiracy theory or both.

[@annmyann437]

Hot Topics! The count down began thousands of years ago: So let us see how far we are then. The count down of the beast kingdoms began with Babylon. Then Medes. Then Persia. Then Greece. Then Rome. All 5 beast kingdoms have fallen. Then the 6th beast king/kingdom/empire/super power arose. Are you trying to figure out who the 6th beast is yet? Who ruled after Rome, and is still ruling the nations in some way or form today? It's Obvious. Do you know who it is now? In biblical terms they are called kings or kingdoms. In modern terms they are referred to as empires, super-powers, or world powers. So, after the 6th beast kingdom (super power), comes the 7th. Then, the antichrist takes precedence sometime during the 7th beast kingdom (or world super power), and he will set up his own kingdom (one world union under is technocratic-antichrist rulership), which is the 8th and FINAL world kingdom here on earth, before the return of The Alpha, and The Omega(Christ Jesus). The antichrist will come in peace(false peace) because the entire world will be lawless and in so much chaos, and wars, and rumors of wars, famine, and pestilences(diseases), and disasters, earthquakes in diverse places. He will make peace, false peace, temporary peace. But he will be a dragon pretending to be a lamb, like a wolf in sheep's clothing. Then after his pretend- peace treaty, comes sudden destruction. The antichrist will sit in a temple thinking he is god, calling himself god, and demands that those on earth worship him and his image. He will cause anyone who will not worship him or his image to be put to death. He will be a man satan has possessed and gives demonic power to. Did you know that satan is the illegitimate god of this earth, since he stole it from Adam with deception, in the beginning. One day during the antichrist's rulership, our Beloved Lord and Savior, Jesus The Messiah, will make His grand entrance. What a dreadful and terrible day that will be for satan, the beast, the wicked, including the demons, and those who are found without the Lord (both those who are dead in sin and those who are alive in sin). But that day will be a glorious and a rejoiceful day for The Lord's children(both the alive in Christ and dead in Christ). "For The Lord himself shall descend from heaven with a shout, with the voice of the archangel, and with the trumpet of God: and the dead in Christ shall rise first: Then we which are alive and remain shall be caught up together with them in the clouds, to meet the Lord in the air: and so shall we ever be with the Lord. Wherefore comfort one another with these words." 1 Thessalonians 4 verses 16 to 18. If you have not yet received Jesus as your Lord and Saviour, please do it. Come to Christ with all your heart, mind, body, and soul. Christ is The Only Refuge out of this crazy, evil, and falling world. Let us keep our eyes, our hope, and faith in Christ alone. He is our Salvation, and the key to eternal life. Feel free to correct me, if I am incorrect.