Quote (thundercock @ 6 Jun 2021 02:44)
There aren't enough rural people in America and they don't have enough wealth to have a significant impact on the housing market. If anything, it would lead to an expansion of exurban areas. At the end of the day, population density is the only relevant factor when it comes to providing services in an efficient way, let alone profitable. You don't necessarily have to bury cables underground either. You could do above-ground cables which are significantly cheaper.
If 60 million people are pushing into the metros, that's of course gonna have an impact on the housing market. Even if they're poor, the increased demand will still have a ripple effect and permeate into the higher tiers of the housing market.
They're gonna block off the cheapest housing, which means that working-class locals now have to look for slightly higher-priced houses and expend a slightly higher share of their income for rent/loans than they would like. But now the local working-class is blocking off the somewhat affordable, medium-tier housing that the local middle class would have wanted, which forces these to look in higher-price segments of the market, and so on and forth.
Exurban areas tend to become denser rather than expand without limit if there's a persistent influx. There's just an upper limit to how far away from the center people can or want to live.
Another factor to consider is sustainability. With water becoming an increasingly sparse resource and the power grid becoming increasingly decentralized and spread out, it's less than ideal when all the consumption occurs in one hyper-dense place rather than where the natural resources are.