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What ‘Vibrancy’: New York City Hit By Surprisingly High Jobless Rate As Workers Fail To Return. So what happens to all the empty commercial-office buildings?
InvesBrain ^ | 03/22/2022 | Tyler Durden

Posted on 03/22/2022 9:32:01 PM PDT by SeekAndFind

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To: SeekAndFind

Escape from New York is coming back as a documentary


21 posted on 03/23/2022 3:14:55 AM PDT by joshua c (Dump the LEFT. Cable tv, Big tech, national name brands)
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To: SeekAndFind

I do work that “could not possibly” be done remotely in most cases. Now this work is done remotely the majority of the time. This is the way the world changes - an inflection here, an inflection there.


22 posted on 03/23/2022 3:32:07 AM PDT by jimfree (My 19 y/o granddaughter continues to have more quality exec experience than Joe Biden.)
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To: SeekAndFind

People overwhelmingly do not want to return to the office and now realize beyond any doubt that it is completely unnecessary. They are refusing to take jobs that are not 100% remote and are leaving jobs that try to force them back into the office.

What will happen to empty office buildings? Sell them to developers. They’ll convert plenty of them into apartments or condos.

Expensive cities like NYC and San Francisco are gonna take it right in the shorts. You don’t need to live there. Even a crappy salary level in those two cities would allow someone to live quite comfortably in America.


23 posted on 03/23/2022 3:33:29 AM PDT by FLT-bird
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To: Veto!

And soylet green factories


24 posted on 03/23/2022 3:42:58 AM PDT by aces (and )
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To: Equine1952

RCV was recently approved in NYC for a reason.

Gothamites won’t get their city back until they do two things: Get rid of RCV and go back to dumb voting machines.


25 posted on 03/23/2022 3:45:42 AM PDT by mewzilla (We need to repeal RCV wherever it's in use and go back to dumb voting machines.)
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To: SeekAndFind

How could this have happened?!? /s


26 posted on 03/23/2022 3:59:53 AM PDT by FlipWilson
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To: SeekAndFind

Sounds like a lot of people learned something. From being able to do their job from home, to the education system, to government health department tyranny.

Employers, smart ones anyway, learned they could eliminate a bunch of overhead costs. Either take it as profit, reward employees better, reinvest in the business.

The days of the cubicle life and corner office scramble is over. A many people are happy to see it go.

It also indicates for all the hype that surrounded NYC it never was all it was cracked up to be marketed as. All the big cities are learning this. The city insanity stopped.

This may very well prove to be the one glitch in the progressive agenda. Remember they want people in controlled housing stock, they want suburbs to disappear, etc. People have decided they like their house, their yard, their safe parks and safe communities.

How ya’ gonna keep them down on the farm after they’ve seen LA? Sars-Cov-2 LOL.


27 posted on 03/23/2022 4:10:16 AM PDT by EBH (Hold My Beer. 1776-2021 May God Save Us.)
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To: SeekAndFind
The tourists haven't returned either.

The tourism-heavy hotel industry, in particular, faces a long, steep climb to recover job losses.

“Under 20,000 of 55,000 jobs have returned in the hotel sector. So far, 125 hotels and 18,000 rooms remain closed,” said Vijay Dandapani, CEO of the NYC Hotel Association.

https://nypost.com/2022/01/19/hochul-budget-shows-nyc-hotels-tourism-and-retail-wont-recover-jobs-until-2026/

28 posted on 03/23/2022 4:16:48 AM PDT by FarCenter
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To: SeekAndFind

Something I didn’t see mentioned in the article or the comments is the crime.

The out of control crime. Not worth the trip.


29 posted on 03/23/2022 4:21:01 AM PDT by Chickensoup ( Leftists totalitarian fascists are eradicating conservatives)
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To: SeekAndFind

The laptop has made the downtown business district redundant.


30 posted on 03/23/2022 4:33:57 AM PDT by lurk (u)
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To: SeekAndFind
And the leases are just starting to expire. Once the leases need to be renewed and that happens at a lower rent, that means the value of the rental property decreases. Which should lead to a smaller real estate tax bill, or higher (maximum) rates to compensate for a loss of revenue. Which leads to a higher rate of abandoned property, which pushes the dollar value down as well.

Since liberals believe that everybody they tax likes to pay higher taxes, the idea of not raising tax rates will cause exploding heads all over liberal enclaves. Good time to invest in Service Master and similar businesses. "Like it never even happened!:"

31 posted on 03/23/2022 4:35:38 AM PDT by Bernard (Jeffrey Toobin may turn out to be the most ethical character at CNN because he only abused himself.)
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To: SeekAndFind
"So what happens to all the empty commercial-office buildings?"

Vertical cemeteries for NYC murder victims.

32 posted on 03/23/2022 4:40:48 AM PDT by Carl Vehse (A proud member of the LGBFJB community)
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To: Celtic Conservative

Companies will not re-new their long term leases....


33 posted on 03/23/2022 5:06:14 AM PDT by Steven Tyler
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To: SeekAndFind

They will be bought up by rich Democrats for pennies on the dollar and when the economy comes back, they will make a killing. DeBlahBlah did the same thing with the Horse and Carriage stables. Destroyed it and then some donor bought the property.


34 posted on 03/23/2022 5:15:32 AM PDT by EQAndyBuzz ("Todays conspiracy theory is tomorrows spoiler alert." )
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To: SeekAndFind

Die MFer Die. San Fran, Chicago etc.

Re: America - there haven’t been cities more deserving of hell since Sodom/Gomorrah. Every bad thing that comes their way will be well deserved. Their destruction is my joy.

A starvation event would be perfect.


35 posted on 03/23/2022 5:29:29 AM PDT by AAABEST (NY/DC/LA media/political/military industrial complex DELENDA EST)
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To: FarCenter

It seems that when some commie POS fills your luxury hotels with criminals and drug users, tourists don’t want to come anymore.

Surprising, but true.


36 posted on 03/23/2022 5:33:49 AM PDT by AAABEST (NY/DC/LA media/political/military industrial complex DELENDA EST)
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To: SeekAndFind

DiBlasio was a great “success.” He undid everything that Giuliani accomplished. It’s what DiBlasio ran on. It’s what he intended to do. It’s what the majority of voters expected he would do. They got back their 70s hellhole.


37 posted on 03/23/2022 5:34:08 AM PDT by Ge0ffrey
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To: Chickensoup
This is the whole enchilada for me. Used to be in my companies Manhattan office 2-3 times a month for meetings and other person-person work.

When BLM became the most welcomed group to city hall and the NYPD chose to disengage under Hizzoner, I let HR know that I wouldn't be traveling to NYC for any reason. I caught a lot of crap until the majority of the regulars there decided they didn't want to risk their safety either.

We're at less than 25% occupancy since being cleared to return and I'm pretty sure it's going to result in a 100% voluntary office return. We'll very possibly be out of NYC in a couple of years. We'll definitely be out of our current space which is awful expensive for 25%.

I won't miss the two-bus, two-train, two-block walk or the stench of NYC.

38 posted on 03/23/2022 6:01:57 AM PDT by paulcissa (Politicians want you unarmed so they can kill you.)
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To: SeekAndFind

The emerging fact is that New York City is obsolete, not required or by many desired.

Shedding all the crap associated with working in a city is a significant realization that there is a much better way

Culture, plays, art, museums, blah blah blah bull shit


39 posted on 03/23/2022 6:06:06 AM PDT by bert ( (KE. NP. N.C. +12) Promoting Afro Heritage diversity will destroy the democrats)
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To: SeekAndFind

Here is mine Holy Commandment: Droppest thou thine soft-on-crime policies, and thou wilt see some recovery.


40 posted on 03/23/2022 6:08:07 AM PDT by Tolerance Sucks Rocks (Florida: America's new free zone.)
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