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Re:Fleeing New Yorkers resulted in an estimated $34B in lost... by jfengel on Tuesday December 15, 2020 @05:49PM (#25436381)
What you're calling de-gentrification isn't really the opposite of gentrification. Gentrification is the destruction of long-standing neighborhoods and the displacement of poor people, who may have no good place to go and lose their support structures. Often, those poor people rent their homes/apartments, and so they don't benefit from the increase in prices. Their rent just goes up until they have to leave.

Rich people fleeing doesn't bring them back. Whatever they suffered in displacement is just sunk. In the very long term it may form part of a new cycle of gentrification, but only after the neighborhood has lost a lot of its old value and is usually accompanied by the kinds of desperation that poverty causes.

So it's not a good thing -- though you're right that this study is so dubious that it may not even really be an issue.

Re:Fleeing New Yorkers resulted in an estimated $34B in lost... by ed25519FUUU on Tuesday December 15, 2020 @06:18PM (#25436744)
So in summary no matter what rich people do, they're the problem.
Re:Fleeing New Yorkers resulted in an estimated $34B in lost... by MetalGuru on Wednesday December 16, 2020 @02:20AM (#25439943)
Seriously. The argument is that rich people come in, raising rent due to increased housing demand and constant supply, which pushes poor people out. But the reverse (rich people leave, rental demand decreases, lowering rents and allowing poor people to come back) isn’t true. Makes perfect sense /s
Re:Fleeing New Yorkers resulted in an estimated $34B in lost... by jfengel on Wednesday December 16, 2020 @09:46AM (#25443090)
Yes. Every time rich people displace poor people, it's a problem.

There are a lot of things that rich people can do besides displace poor people. Maybe you can think of some.

Re:Fleeing New Yorkers resulted in an estimated $34B in lost... by CydeWeys on Wednesday December 16, 2020 @11:06AM (#25444193)
Unfortunately we have zoned our cities such that we can no longer build enough housing to accommodate everyone. The pain of that will always fall the most on those who have the least to pay.
Re:Fleeing New Yorkers resulted in an estimated $34B in lost... by vrperson on Tuesday December 15, 2020 @08:48PM (#25438044)
Unless you are rich, then poor people are the problem.