# Centralizing in cities

> This is not all that surprising:https://twitter.com/daniel_foch/status/1532345443082027008?s=20&t=YxCyb6JcFaC0q3izbzIIEAIt is not surprising for at least two reasons:We knew that central banks would tighten the money supply at some point and that it would have a negative impact on asset prices.Many of us believed that a lot of people were making a somewhat long-term decision (flee the city) because of something that would ultimately prove to be short-term dislocation (a ~2 year health crisis)...

URL: https://paragraph.com/@brandondonnelly/centralizing-in-cities
Author: Brandon Donnelly
Published: June 4, 2022
Categories: centralization, daniel-foch, decentralization, housing-prices, real-estate-prices, toronto, urban-core, urbanism

This is not all that surprising:
https://twitter.com/daniel_foch/status/1532345443082027008?s=20&t=YxCyb6JcFaC0q3izbzIIEA
It is not surprising for at least two reasons:
We knew that central banks would tighten the money supply at some point and that it would have a negative impact on asset prices.

Many of us believed that a lot of people were making a somewhat long-term decision (flee the city) because of something that would ultimately prove to be short-term dislocation (a ~2 year health crisis).

So one of the things I think you can glean from Daniel's tweet is that our best urban centers are resilient. Notwithstanding the fact that we have things like Zoom and previous pandemic-suffering generations did not, the core value propositions associated with centralizing in cities hasn't gone away.