It's a weird dichotomy (if it weren't so sad)
I see it and experience it with my own eyes.
(Oh, the stories and examples l could tell you).
Oddly as well, we have a lot of New Yorkers who moved to inner city Philadelphia. They purchase refurbished homes here for 1/5th of cost and commute to New York for work. It works out much cheaper and the eclectic lifestyle here suits them. Philadelphia has become a mini New York.
One area in particular is Fishtown and now Kensington, where for all intents and purposes, both remain the hub for drug addicts prostitutes, the homeless, homeless camps and crime...yet...
Interestingly, Fishtown has become the #1 destination place to live in the country. Forbes did a superb piece on it..
https://www.forbes.com/sites/petert...ericas-hottest-new-neighborhood/#2054fdfe32e5
How Fishtown, Philadelphia Became America's Hottest New Neighborhood
Peter Lane TaylorContributor
Excerpt:
The current sale to list ratio is a scorching 98.8%, going toe to toe with Williamsburg (Brooklyn) and Washington, D.C. Two decades ago Fishtown was a dirty Philadelphia real estate word. Now every realtor in the city is trying to bolt another neighborhood onto it.