Posted on 05/24/2020 6:47:02 PM PDT by yesthatjallen
Imagine New York City five years from now with streets full of abandoned storefronts, closed eateries, and empty buildings. The cumulative effects of the coronavirus may be more overwhelming than the other challenges New York City has had to face during the past two generations, including the aftermath of 9/ 11. It is likely that the pandemic will simply accelerate the trend in the sharp decline of its population and livelihoods.
New York City was already losing population before the outbreak due to economic factors and quality of life issues. Around 40,000 residents left between 2017 and 2018 alone. The coronavirus has fueled the population outflow. About 420,000 residents have fled New York City in the last few months. Even worse for its economy, the majority of those who left amid the pandemic are wealthy workers. Many of them went to low tax havens in the south, such as Texas, Florida, Georgia, and North Carolina.
Eventually, it will not only be the 1 percent who leave. The unemployment rate in New York City has risen above 14 percent. Residents without a job or reduced hours will no longer have the income to keep paying sky high rents for tiny living quarters. Meanwhile, workers who have not been laid off or furloughed have been working remotely, a trend that may continue for years to come. Nearly 70 percent of those in finance and technology will consider relocating if working remotely becomes permanent.
SNIP
(Excerpt) Read more at thehill.com ...
The downside is that they OVERWHELMINGLY vote the same way they did in the hellholes they created then fled from. This is why formerly solid Red states have turned Purple and in some cases Blue.
Exactly.
Huh?
*** NO BRAIN, NO PAIN ***
My brother is still insane enough to live there and said the corner deli from him has been hit 4 times in the past 3 months, hit meaning robbed. Why that deli is still open is beyond me.
From being the Big Apple to Sour Grapes.
Thank Cuomo and de blasio for this. He forced nursing homes to take in covid positive patients where the most vulnerable to this virus lived in close proximity and let the subways and buses continue to run so this virus could more easily spread among the NYC population.
I don’t have the solution for how New Yorkers would get around with subways and buses stopped but it seems to me they would have a tiny fraction of deaths in-patients if they had. They were supposed to be on lockdown anyway.
And that ass Cuomo incredibly blamed Trump for the nursing home deaths. Freeper John Semmens wrote a satire of Cuomo blaming Trump and Cuomo went and did it for real.
It will look like Detroit
The question is what businesses are going to move out.
Finance is now done electrically. Will Wall Street and associated businesses need bodies in offices?
Will Cuomo and de Blasio propose a telecommuting tax for people who now work outside the city?
Unless the virus never goes away and kills with a vengeance things will return to the way they were. Until next time.
A look into the future of New York City...
Calling Snake Plissken (Kurt Russell)
They move to where you live and start the process all over again.
The Dems will give them billions.
NYC is dying? Shame it took this long.
Better yet, let them auction off their Publicly owned culture to pay for their excess ... as they guy said in the movie: every Van Gogh must go.
China will buy up all the real estate for a song.
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