In the US, did Amazon kill the mall, is everyone too broke, or a combination of other factors?
In the US, did Amazon kill the mall, is everyone too broke, or a combination of other factors?
I watch a lot of Dead Mall videos on YouTube and I wanted to see what everyone's thoughts are on why there's so many dead malls now.
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Its not any one thing, but a system of many things working against malls in a variety of manners:
- The distance of malls from city centers stemming from white flight
- Real estate development costs
- Tax benefits and subsidies
- The availability of online shopping and delivery
- The appearance of super marts like Walmart, typically in other rural or suburban areas
- Easier access to entertainment through the internet, social media, and mobile devices
- Changing social norms
- COVID
7 0 ReplyWhat is white flight?
2 0 ReplyThroughout the 60s, as city centers became more populous, an increasingly paranoid and racist section (boomers) started moving to the suburbs out of fear of being around black people. They took their wealth and ambitions with them, leading to broad suburban growth in many metropolitan areas, and eventual policy actions.
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