papjobe
22 Nov 2020
When you really think about it what does NYC consist of? It is Money movers and entertainers that is what that city is made of. The rest of the businesses there support the money movers and the entertainers. They no longer produce anything. There are no factories or refineries. You have the ports and thats it. Now we are in shutdown people are banking from home, working from home, and getting their entertainment at home. NYC like most big cities relies on disposable tangible income to thrive.
That is all gone right now. Sure they are still eating outside and it’s still filled to the gills with people who have to eat, but they are also leaving in droves. That city is gonna change big time over the next ten years. Whether it for the good or not is still to be seen, but if what is going on now is any indicator it won’t be good. That city had some very good hard line mayors in the past that really cleaned it up.
Now it seems like this mayor is destroying everything the mayors of the past tried so hard to fix. Hey guess people will overlook a lot if you paint BLM on a street. This guy hates NYC and is the Mayor you can’t make this stuff up. The sooner they get rid of this guy the better chance that city has of not going straight down the tubes.
https://www.foxnews.com/us/giant-rats-overtaking-nycs-central-park-upper-west-side-of-manhattan
-——they are also leaving in droves——
That’s what they say, but what is the real evidence? How do you know that droves of people are actually leaving? how is it measured? Are business closings apparent? Are they just moving to suburban new york and new jersey or are they actually getting the hell out of dodge?
This is a very interesting sea change event
Not true. There is a huge amount of clothing manufacturing in NYC.
Heck, NYC was a wreck from Lindsey (1966) to Guiliani before it was straightened out the last time.
Last week the US Census bureau came out with the monthly US Housing starts & permits report. Overall starts were up 14%.
However, when you look at the numbers regionally they tell a dramatically different story by region:
Midwest +23%
South +24%
West +5%
Northeast (-33%)
Also, the type of houses being constructed has greatly changed from the last ten years:
Multi family (-18%)
Single Family +29%
People are moving out of apartments and moving to detached homes in the country or suburbs. They are leaving the northeast and heading south. The shift out west is leaving California and moving primarily the other western states.
So, it is not just NYC that is experiencing the mass exodus. It seems to be worse than everywhere else.