Posted on 01/16/2021 6:11:45 PM PST by george76
Mayor de Blasio released his new, bigger-than-ever city budget this week pretending that federal aid would make up for City Hall’s losses thanks to the pandemic. And, worse than that delusion, he still hasn’t faced up to how his policies had New York shrinking long before the pandemic even began.
That’s right: The mass exodus from the city dates to at least 2018; the flight since then is just adding to New York’s woes.
The Health Department’s 2018 Vital Statistics report on health outcomes showed that the Big Apple’s population dropped by 223,950 residents, or 2.6 percent, between 2017 and 2018 — the city’s biggest one-year population decline since the 1970s.
That’s before the 2020 crime spike and the pandemic. Hard numbers on how many have left since then won’t be available for a long time, but we do know that high-end employers are looking to move even more jobs out of New York, while some significant share of the millions of jobs that have gone “temporarily” remote will wind up permanently gone.
(Excerpt) Read more at nypost.com ...
Can’t happen fast enough.
The issue is not how many people are leaving, it is _who_ are leaving.
Big taxpayers, that is who is leaving.
The FSA is sticking around... (Free S&^% Army :-) )
That’s the classic cycle in blue cities, taxes increase dramatically, causing an exodus. The city responds by raising taxes and other costs even further, to squeeze more out of the remnants, which causes an even greater exodus. The cycle continues until you get Detroit, an abandoned city with no property value and no industry.
They literally kill the goose that lays the golden egg, absolutely failing to understand that high taxes drive property values down.
It’s a rotten to the Core, Apple.
No big deal. Just open up our borders and allow immigrants in. Developers will take a loss in building expensive skyscrapers because there’s no way to recoup the cost of building them.
The NY refugees will sh*t on the next states they occupy.
I’m one of those. Relocated the family from Lincoln Center to northern New Hampshire. Skiing, snowmobiling, hiking, ATVing, swimming, fishing, hunting and loving it.
For a few hundred bucks you could probably buy a city block in Detroit. Not sure why you would want to, considering the crime, lack of jobs, crumbling infrastructure, etc.
I had a friend who was trying to buy a house in Southern CT this summer during the peak NYC exodus of lock downs and riots. Houses were selling withing hours based on pictures alone, without any of the traditional inspections, etc. Just I’ll take it, here’s my offer of 20k over ask.
Even had people competing for apartments. They my say rent is $1,000/month and someone would offer 1,300/month.
Most of these people are never moving back. NYC landlords will soon have thousands of apartments with no one to rent them, stores and restaurants with fewer people to shop, etc.
We left in March. Came up here Mar 14th to look at vacation homes having just sold our home in Miami. Based on the news from NYC we decided to buy immediately and stay here. God was somehow in charge of the timing and we found the home of our dreams which went on the market that same weekend. I’ll never go back and I’m now looking for a cabin on the other side of the notch or in northern Maine.
I read his whiney little screed, he’s a PUSSY who ran for the cover of MOMMNY and DADDY.
He voted for these pukes (probably more than once), now he’s just looking for a SAFE PLACE to move to so HE CAN SCREW THAT PLACE UP AS WELL!
The issue is not how many people are leaving, it is _who_ are leaving.
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And where are they going. To Florida and Texas from NY and Cal to turn red states blue.
Refugee from northern Vermont here in northern NH.
If you spot a Unimog in the non-salt months, chances are it's me. Especially if it is a radio van or if it has a Zeppelin NATO radio shelter on the back.
Stop and say "hi" and connect if possible.
Another activity you may like involves volunteering for the New England Forest Rally, and the oldest auto race in the USA, Climb to the Clouds.
It's back on now, I don't know about next summer.
If it's off, mu U1300l Unimog has a Humvee brush guard above the front bumper with lots of lighting.
Its' license plate = AMSOIL. My Unimog 404 radio van has license plate "UNIMOG".
The hell of it is that those landlords can't lower the rent to attract renters without having to shell out hundreds of thousands to their financiers. Property values in New York are estimated based on rental rates. If a rate goes down the property value goes down and the owner has to immediately pay down the balance of his mortgage in order to maintain the collateral to loan balance ratio.
1900s Boston mayor stumbled upon "The Curley Effect":
"James Michael Curley, a four-time mayor of Boston, used wasteful redistribution to his poor Irish constituents and incendiary rhetoric to encourage richer citizens to emigrate from Boston, thereby shaping the electorate in his favor. As a consequence, Boston stagnated, but Curley kept winning elections."
The Curley Effect: The Economics of Shaping the Electorate https://scholar.harvard.edu/files/glaeser/files/curley_effect_1.pdf
I didn’t even think about that aspect of the New York housing market initially. You are right. This is one thing that will not be visible immediately, but will very quickly rear its ugly head within a year or so as landlords begin to default.
I have read reports, and based on some of the videos I’ve seen, NYC has seen an increase in structure fires, particularly in commercial Spaces such as restaurants and businesses. I don’t know about all of them, but I suspect many of them are likely arson or “accidental” Left the fryer on overnight with some cardboard box is nearby and oops the restaurant is a pile of rubble.
‘Vote often and early for James Michael Curley’
Famous quote.......vote OFTEN. Leftists have been cheating for over a Millenium.
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