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The “Urban Doom Loop” And Convoluted World-Builder Thinking
If you are unfamiliar with the idea of an “Urban Doom Loop,” it is basically a fancy expression (and a good trivia team name) for the decline of downtown core commercial real estate due to the pandemic, higher commercial interest rates, and hybrid and remote work.
Since commercial real estate was consistently a major way to become affluent for about 35 years (if not longer), the demise of the sector troubles a lot of people, and there’s a lot of hand-wringing and thought articles about it. The Urban Doom Loop even made it over to 60 Minutes a few weeks back. I’ll spare you the link, as it’s almost entirely about NYC.
Obviously The Wall Street Journal has written about 35,000 articles about this trend, and since that rag is catered towards the prison that is the upper middle class, most of the articles miss the mark.
Here’s a screenshot from a recent one:
