Posted on 08/31/2020 6:31:45 AM PDT by SeekAndFind
On a personal basis, a family member and spouse just moved out of New York. He works in the theater, and there is not much work these days in the Big Apple. As they told me on the phone, the place is deader than a doornail. By the way, they also told me that you have to wait weeks to rent a moving van. I guess a lot of people are leaving.
We learned that New York City is about to lay off 22,000 of its approximately 330,000 city employees, according to Forbes:
The Wall Street Journal reported that roughly 22,000 government workers need to be let go to close a $9 billion deficit that continues to grow.
The story goes on to say there may be more because the deficit is getting bigger.
New York heavily relies upon its bustling commerce, entertainment and social activities to draw in and keep people. Without restaurants, concerts, museums, sporting events and people commuting into Manhattan from the other boroughs (New York City comprises of five boroughs), the city has quickly changed. Residents have fled the city.
As people ceased commuting into New York, worked remotely, businesses shut their doors and social activities have halted, revenues to companies have plummeted. As businesses of all sizes saw their profits evaporate, the city government received significantly less in tax collection.
Naturally, no one likes to see layoffs. After all, these are humans, not just numbers.
Mayor Bill de Blasio will blame the virus and naturally President Trump. He won't blame himself or policies driving people out of New York for years.
It will be fun to watch how these liberal city council members deal with economic facts, the public-sector unions, and the reality that the party is over.
(Excerpt) Read more at americanthinker.com ...
SEE HERE:
https://www.sfgate.com/business/article/Pinterest-terminate-SF-office-lease-88-Bluxome-15525421.php
THE TREND IS UNSTOPPABLE EVEN IN HIGH-RENT SAN FRANCISCO:
Pinterest, a social-sharing site popular for pinning recipes, home inspiration and more, has canceled its large San Francisco office lease.
The lease was for 88 Bluxome, a high-rise complex to-be-constructed near Pinterest’s existing San Francisco headquarters. The company cited a shift to work-from-home due to the coronavirus pandemic in its decision. Pinterest will keep its current city offices, however.
The company cited a shift to work-from-home due to the coronavirus pandemic in its decision.
The change in working life may also trigger a change in Bay Area demographics. In an anonymous survey of 4,400 tech workers, two-thirds of respondents said they would consider leaving the region permanently if allowed to work from home.
They need a sticker or gif that morphs the old “I (heart) NY” into today’s “I (/) NY. “
NYC met the Perfect storm.
New technology and lawlessness.
The new technology was already weakening New York’s retail base.
A significant percentage of people were shopping at internet based warehouse outlets such as Amazon and not shopping at brick and mortar sites.
The pandemic has now demonstrated to big commercial firms that their employees can work and communicte profitably and efficently from home. Huge expensive commercial locations are not economically necessary.
If people no longer congregate in these central locations, the resteraunts, shops and small retail shops lose their customers.
Nor do they use mass transit to travel five days/week. Given the breakdown of law and order, the release of violent criminals from prison, people, especially people with children are fleeing urban centers.
Foriegner investors no longer view urban real estate like NYC as safe havens for their wealth.
The result is a monumental decline in commercial and residential real estate values, a decline in tax revenues and a loss of productive population.
I know one person on Istagram, who was going to enjoy success running a ramen shop in New York City, seriously considering leaving because of the increasing bad economic environment in that city.
You folks from hillbilly states that have never stepped foot in New York know what it’s future is. And these writers who maybe have never stepped foot here know what it’s future is. That’s amazing :-)
Donna see I couldn’t give a damn about what happens in other states. But you folks from out of New York are completely obsessed. I find it hysterical.
Perfect storm of technology, that allows people to shop and work profitably and efficently in remote locations, and lawlessness. No economic need for central expensive locations.No need for mass transit or supporting industries and services.No people to support cultural institutions. Not hearing much about “congestion pricing” anymore. People are not congesting.
New York has at least another 14 months of De Blasio administration too.
We were driving around over the weekend and noticed that all the uhaul places had oodles of trucks and trailers!...............
I don’t think
the party is over” in NY. Too established as the worlds hub, infrastructure and location etc. Just get rid of the Cuomo and Deblasio rubbish. Get another Rudy in there. Could take 5 years or more.
We need to build a wall around New York. These libs will ruin any place they move to. They are a bunch of rude aholes anyhow.
Yeah, and those a-holes are coming to a town near you, to vote Democrat. Those self satisfied NY’ers can’t even conceive that voting Dem is what trashed their former home. If I had my way, they’d be forced to stay in the sewer that they’ve built.
And Pinterest chose to take the $89.5 million hit to demure on the space under construction.
Talk about spending money to save money...
Here in Myrtle Beach SC, New Yorkers are buying houses as soon as they hit the market for full price, over the phone. It’s crazy.
Go ahead, bite the Big Apple, don’t mind the maggots!
Shadoobie!
I would drive to the nearest state where I could rent a truck, drive it home to NY, pack and drive it to wherever I needed to go. Sure, it’s a lot of extra driving, but you have to figure storage costs or renting someplace while you wait to go home again to NY and then pack.
As someone above mentioned, NY had been hit by the perfect storm. They got pummeled by a cat 5 DE Blasio, a Cat 5 Cuomo, modern technology enabling working from anywhere and riots. I don’t care how nice the social life is when it eventually recovers, whatever that is, it’s not worth getting mugged.
My buddie’s boys moved to NYC and both, in separate incidents, got robbed and left without a nickle their first night there. That was years ago.
I am so happy with my hick town in rural Florida. If you pop your hood up in a parking lot several people will offer to help within the hour.
Well, this trend in New York is hardly a good sign.
I don’t know if people are “obsessed” as such about New York’s problems, but we are noting it, because it gets reported in the news. And part of why it gets reported in the news is because New York is America’s largest city, the capital of the media, and because politically, New York is so liberal.
People on a conservative site such as this like to note problems they think are magnified by liberalism where liberalism is strong.
Mayor Bill de Blasio will blame the virus and naturally President Trump. He won’t blame himself or policies driving people out of New York for years.
*************
He’s been there since 2014. Bill de Blasio won reelection to a second term in 2017. The people of New York knew him and they voted for him. Now let them live with their choice.
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