Could not agree more.
As far as the People’s Republic of New York, I have been saying this for many years. There is no reason, no economic advantage nor driving inspiration for anyone to live more than 1/2 HR outside New York City. (except easier to obtain CC permits)
Today also, there is little reason to live IN NYC. Everything can be done less expensively, more cleanly and with more future viability OUTSIDE of NYC. Wall Street is doomed.
Once the United Nations is pushed off the the edge of Manhattan island, turn off the lights, the partys over.
RE: there is little reason to live IN NYC. Everything can be done less expensively, more cleanly and with more future viability OUTSIDE of NYC. Wall Street is doomed.
With New York City’s living expenses ( e.g. commercial and residential rents ) and taxes going through the roof and the increasing use of high speed internet connections, is there any reason why New York would still be the financial capital of the USA in the future ?
Electronic trading can be done anywhere now, so what financial advantage would a company have to be PHYSICALLY located in New York City and pay its high taxes and rents ?
I am already seeing many firms slowly moving their operations to other states (and maybe even overseas ).