Believe now that irreversible urban decline has begun, real estate values and property will decline in value, people who can will leave, almost no new investment, what is left of the population will become poorer, more desperate and will have a high mortality rate.
“now that irreversible urban decline has begun, real estate values and property will decline in value, people who can will leave, almost no new investment, what is left of the population will become poorer, more desperate and will have a high mortality rate.”
That was what happened to Baltimore and DC after the MLK riots destroyed block after block of black owned businesses and housing.
Nothing was rebuilt for at least 2+ decades. There are probably remnants of those burn and loot riots still in those 2 cities.