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It sounds ominous because it is. A major national publication has announced that they believe St. Louis, Missouri is spiraling down a 'doom loop' and there's no escape in sight. It may mean the St. Louis many of us has grown up with will soon be no more.
In the entire history of the United States, we have never witnessed an urban collapse of this magnitude. During the pandemic, millions of Americans started working from home, and many of them have never returned to the office. Meanwhile, rapidly rising levels of crime, homelessness, and migration have transformed many of our inner cities into extremely dangerous places. As a result, thousands upon thousands of businesses have left our core urban areas in search of greener pastures. So now there is lots and lots of commercial real estate space that is sitting empty, and commercial real ...
It sounds ominous because it is. A major national publication has announced that they believe St. Louis, Missouri is spiraling down a 'doom loop' and there's no escape in sight. It may mean the St. Louis many of us has grown up with will soon be no more.
In the entire history of the United States, we have never witnessed an urban collapse of this magnitude. During the pandemic, millions of Americans started working from home, and many of them have never returned
A recent sale of one of the tallest buildings in St. Louis fetched $3.6 million, a stark contrast to the regular sales of homes in LA for twice that amount, underscoring the tumultuous nature of the current real estate market in America.