>>7640222this means places like Vancouver and Zurich will get even more expensive.
The rich live there now mainly because they're beautiful and have stuff rich people want:
great skiing (both)
proximity to important centres (Zurich: Paris and London, easy access to all of Europe; Vancouver: LA and faster access to Asia than anywhere in the USA)
great sailing and mountain-biking (Vancouver)
luxury shopping (both)
other rich people
low crime
low pollution
If places like NYC become less important to live in to the rich, even more will move to Vancouver and Zurich, and to a lesser extent Melbourne.
Average house price in Vancouver more than $2 million USD
Zurich is $1.7 million USD
That shit is just going to keep going up. :(