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If Svenonious was right and indie rock flourished during a real estate boom, will indie rock die during a bust? I’ve spent the last several months pondering this vitally important question, and it occurs to me that we’re likely to see something subtly different. Whereas electroclash and psychedelic folk flourish in tiny spaces, perhaps the orchestral pop of Beirut will take advantage of newly-inexpensive real estate. Bands have been shrinking—from the ubiquitous power-pop trios to one-mand bands like Say Hi and Casiotone for the Painfully Alone—but perhaps know they will start growing as laid-off creative class professionals and unemployable recent grads embrace the rock and roll lifestyle as their least bad alternative.

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