>a de-gentrified situation
What does this even mean? Does this mean "low cost of living"? I feel like gentrification due to post-war generational housing shortages is now just a catch all term for increasing cost of living in general.
What does this even mean? Does this mean "low cost of living"? I feel like gentrification due to post-war generational housing shortages is now just a catch all term for increasing cost of living in general.
At it height 1 in 5 apartments were empty in Berlin which pushed rents down below 4 EUR per square meter. A 3 bedroom apartment for less than 500 EURs a month. This was de-gentrification the parent mentioned.
Since 2010 population grew and now Berlin has housing shortages like every other capital in Europe. Rents now top 20 EUR per sqm.
I recall that there were interesting similarities after depopulation events like the black plague. Suddenly there's a surplus of built infrastructure.