This is not the first time that the whims of the rich have gutted cities. Compared to the explosion of suburbia and white flight in the 50s-80s, the current situation is much less dire.
My hometown of Minneapolis lost 30% (!!) of its population between 1950 and 1980. The only major difference now is that rich people are losing money instead of making more of it.
My hometown of Minneapolis lost 30% (!!) of its population between 1950 and 1980. The only major difference now is that rich people are losing money instead of making more of it.