dontbelievethehype on Nostr: Yes but it worked for several decades without problems. Rents go up everywhere ...

Yes but it worked for several decades without problems. Rents go up everywhere because of inflation. People buy less because of inflation (yes there's other factors like online sells, but there's enough people still going into shops, they just can't afford shit anymore). I don't want to judge their individual decisions but most cities are currently dying after decades of prosperity.