Rent-value ratios in the city are already too low to make predictable cashflow over time.The vibrance and cultural commodity of NYC is unparalleled (after all, I still want to live here), but it translates poorly into investment returns.

Living in the outer boroughs isn't the most attractive given long commutes, less vibrancy etc.Lets say im considering house hacking a 3 unit multifamily in the bronx or deep brooklyn for example.

Louis has a lot of great things going for it and a lot of vibrance.  

Durham has great culture and vibrancy.

May sound crazy but we loved the income and the fresh vibrancy of community!!!  

New train stations, wifi connections and a growing virtual economy all bode well for smaller communities that have some community and vibrancy/.We have invested in Pittsfield and like whats going on there.

I also have numerous friends and  investors that are in North Minneapolis and it has a vibrancy along with issues that are just different than some other areas of Minneapolis. 

-Washington Post Aug 3 2019•“Detroit is drawing global attention because we invested in parks, plazas, streetscapes, and public gathering places needed to attract new workers and people, including more than 1,700 employees at Quicken Loans and Bedrock,...It was a proven strategy for urban vibrancy, and can become the game-changer for asset value and the real estate market.”

But either way, I think it adds some vibrancy and will only help those property values.What do you think?

If you are counting on a downturn of folks entering a city, this probably isn't it, but given folks are staying put, I'm not surprised of the very temporary drop in new leases.If these cities start to lose their vibrancy, their arts, their social constructs, become too high on crime in a widespread manner, et al, you may see the "exodus" that some folks are decrying.