Earlier quoted context omitted.
Everything comes down to world population, which has quadrupled in a century, making the previously-sustainable now unsustainable. But even many of the climate catastrophists can't get away from the mentality of 'we still need growth at any cost'. And 'growth' is most easily obtained by creating more consumers and more workers.
> Everything comes down to world population This is nonsense. The consumptive, energy and material intensity of GDP, as well as GDP/capita, have varied greatly across time and countries. > even many of the climate catastrophists can't get away from the mentality of 'we still need growth at any cost' Degrowth is an extremist dead end. If an environmental movement falls for it, it should be ignored.
The biggest benefit is far more people can actually afford a life of property ownership in these cities. Look at what 250k buys you in these places vs the places that didn't experience a degrowth period. We are talking a complete 4 bedroom home outright vs a 10% down payment on a comparable home.
This might seem perverse why it could be beneficial to experience degrowth. But the answer to that is simple: no where actually accommodates growth sufficiently to keep costs from going out of control. So a degrowth period really means prices are no longer being significantly influenced by an ever incoming class of high income earners, but are more in line with the actual median incomes found in the area.