RE: De-Urbanization and its possible effects on Land Prices
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Nitpicking, Bogotá is a big city but is it really disproportionately large compared to Medellín?
FWIW, Wikipedia shows that neither Colombia nor Brasil has a primate city:
https://en.m.wikipedia.org/wiki/Primate_city
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You are absolutely right that Medellin is the competitor. Population of the greater urban area of Medellin: 2.427 million vs Bogota: 7.413 million (both 2018 estimates).
While Medellin definitely has some big effect on the popular culture, politically much of the history of Colombian conflict can be traced to Bogotano supremecy in politics. Remember that Pablo Esobar was a Senator from Medellin.
Thank you for taking the time to think critically!