Sort of but the other US cities aren’t longing for a worse iteration of the city while simultaneously blaming the last decade or two on a 100-year long pricing trend but acting like its recent
There was a period after forced integration/busing, and the advent of suburbs where housing in cities was very much not a sure thing upward trend like it is now.
If you go to a lot of cities in between coasts the revitalization of downtown areas is most definitely a "last decade or two" trend.
This kind of thing is true of many (most?) cities in the US.
(Well, I don't know about every desirable neighborhood. Pacific Heights is going to be nice on either side of 30 years.)