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Totally agree, and it is a good thing if people who doesn't want to be there doesn't need to anymore. But in general demand slumps are hard to fix and last long
by kmonsen 6y ago
Totally agree, and it is a good thing if people who doesn't want to be there doesn't need to anymore. But in general demand slumps are hard to fix and last longer.
- ghaff 6y agoI think there are a lot of (especially) younger people who are looking at this through the lens of increased urbanization being inevitable. But the reality is that most US cities were still losing population into the nineties. When I graduated from grad school in the late 80s, basically none of my cohort lived in Boston/Cambridge--including those whose jobs were in the city. (Pretty much all of the tech industry jobs were in the suburbs/exurbs "Route 128") So, yeah, if there's a mass exodus, even if somewhat transitory, the restaurants and bars and shops will tend to be gone and it won't be easy to refresh. And the people who moved out will be somewhat older and won't be inclined to return and the younger generation won't really get the appeal.