Just for the Blue people. There will be a recovery; probably a huge recovery, but an uneven recovery. And when the recovery starts, young people who rent in the Blue states will be able to relocate and take part in the recovery.
If they in places like New York City, then they can expect continued high rents, high taxes, high levels of unemployment, and limited opportunities for employment and advancement, since the unions will protect their current membership first and the young people at the bottom of the seniority list or on the outside will see Blue states continue to spend too much money on pensions and welfare, instead of infrastructure and useful things. (Why is nobody talking about those dams in Michigan that gave out this week, causing the flooding? The feds called that out 2 or 3 years ago, so more than one governor had a chance to do something about it.)
The biggest concern about the young people moving from Blue states to Red states will be that they don't bring their voting habits with them.
This has concerned and intrigued me for years. Conventional wisdom says they'll despoil their new home with liberal voting tendencies. Such conventions often are wrong. Hispanics oppose illegal immigration, no walls, and abortion--usually because of strong Catholic upbringings. Blexit and Walk-Away movements indicate blacks are slowly moving away from liberal D ideology--again often for religious reasons.
Should a liberal voter replant, he'll likely be in a more conservative area--perhaps a dramatically more conservative area into which they naturally want to be accepted. They'll be exposed to ideas which were never expressed in NY or San Fran, or Chicago or Detroit. They may resist but won't be able to miss the greater freedoms, fewer restrictions in Florida or Texas or in 'flyover country'.
Some will resist for a while, but drastic flips of all red states to blue will become another dispelled piece of conventional wisdom, imho.
I should add, Bernard, why I’m not so panicked about all this red to blue chatter.
It’s because people may be ignorant, but are not stupid. Ignorance can be overcome. Stupidity...not so easily done.