Another WSJ article predicting a combination of a reversion to the high crime era of the 1980s combined with the permanent expansion of remote work which will accelerate the exodus.
The only question is whether voters will wake up in time to stop it. This includes the working minority populations who know that their neighborhoods will be the first to descend into chaos. Also, as soon as people start to perceive that crime is increasing, the popular opinion will shift back to "we want politicians who are tough on crime". Remember how the Dukakis campaign was crushed by the ads about Willie Horton, and being labelled as "soft on crime" was a virtual political death sentence?
Hopefully, people will remember the past well enough that it won't be necessary to go through the entire cycle again.
https://www.wsj.com/articles/the-new-ur ... _lead_pos3
A new analysis by the American Enterprise Institute’s Ed Pinto and Tobias Peter also shows that the pandemic and riots appear to be driving more Americans to the suburbs. Over the last four weeks, home purchases (as measured by interest-rate mortgage application locks) in non-urban areas have increased by a third more than in urban areas compared to the same period last year.
Home purchases in the least dense ZIP codes of metropolitan areas increased twice as much year-over-year as in the most dense. Home purchases fell 6% in LA metro’s densest neighborhoods while increasing 36% in the least. There were also huge disparities by ZIP code density in New York (34% in least dense versus -1% in the most), Minneapolis (49% versus -14%), Seattle (26% versus 8%), San Francisco (26% versus 1%), Chicago (26% versus 10%) and Washington, D.C. (39% versus 13%).
There was less variation in Miami, Orlando, Atlanta and Dallas, which coincidentally or not had fewer violent protests.
Big-city progressive politicians have long treated businesses and taxpayers like ATMs to finance their public-union machines. But the pandemic has shown companies and employees that they can prosper working remotely. If this new urban exodus continues, cities like San Francisco, New York and Chicago are in for a rude fiscal awakening.