A family member who lives in NYC said the real estate market is gonna to crash, since many companies are now realizing that they and their employees do not have to put up with the high rents, lousy conditions and insane taxes of NYC. Even some theatrical companies and other entertainment industry players are thinking about relocating to smaller cities and just touring in NY because costs had gotten so insane that It meant unaffordable ticket prices, especially with the plunge in tourism (which may go on for awhile).
NYC can rise to the challenge or not. With DeBlasio, Id say not,