Earlier quoted context omitted.
Massive investment and ever increasing market value of abodes is generally the opposite problem of 'urban collapse' - I mean, unless the bridges are falling down, which I doubt. NYC in the late 1960's and 1970's underwent a kind of urban collapse. Detroit underwent urban collapse and never came back. I think this is maybe what the author meant by 'we don't know what this means'. If companies, middle class and power f…
We are agreeing that NYC is not at a moment of urban collapse. The processes that drives away the tax base includes policies and social and market forces that erode the city's effectiveness as a sustaining economic and social hub. The 1960s and 1970s crisis had a lot to do with the end of NYC's industrial epoch. Suburban development and globalization eliminated manufacturing and pulled workers and residents out of th…
So one declined, the other thrived.