Posted on 09/26/2022 9:01:26 PM PDT by SeekAndFind
There is little tolerance for crime and a high number of amenities which attracts a vibrant workforce and community.
Tokyo is especially interesting. There are neighborhoods for senior and medical tourists, for artisans, for young families, almost anything you can name. So conversion of excess office space into residential flats is a great opportunity.
Major cities in the USA, not so much.
Most of the previous conversions were older pre-air conditioning office buildings which utilized natural light and windows that open.
The glut on the market now is newer buildings post-air conditioning that have larger floor plates. People generally don’t want to live in apartments that don’t have windows with views and natural light. So the interiors of these buildings are not useful for residences.
Good points....
6) Once the existing corporate leases expire, combined with the telecommuter flight that’s already occurred, how will the city fund it’s socialist programs with the much reduced tax base?
You can only squeeze so much out of the rest of the state.
Watch ADAMS & Hochul command that they become HOMELESS housing.
2 rooms that many illegals will mix up.
Answer: Democrats steal federal elections and then send money collected by the federal government to Democrat money pits. Then, to get more money, they hire 87,000 new IRS extortionists and send them to work in red states.
Not only are property taxes going down, income taxes are decreasing as well. NYC, has been sticking people with income taxes if they physically work in the city. With people working at home, NYC can pound sand. Falling property values, decreased income tax, decreased sales taxes, decreased revenue from toll roads, decreased meter maid revenues... Of course, it’s not going to matter to the city, because the’ll just increase rates to make up shortfalls... which will lead to even more flight. I hope the entire evil city goes bankrupt. Again
There is also a proposal that will kill working in NYC even further — CONGESTION PRICING.
In order to work or travel to NYC from the suburbs and CT and NJ, you will have to PAY MORE to ease traffic and congestion.
Law of Unintended Consequences. The goal of the Great Reset is to warehouse in urban areas where they can isolate and control us - no cars (internal combustion engines), reliance on mass transit, etc. BUT the need to guarantee Trump got defeated through mail-in vote fraud caused them to unleash COVID and shut us down. They assumed it would further the great reset by replacing Trump with a controllable Biden AND accelerate the great reset by crashing our economy.
They did not think through the reality of the remote workforce. The economy was driven to its knees but did not crash. The American workforce went remote and NOW there is a freedom trend of remote worksites causing people to flee the big cities and they will not likely be returning.
To the libs who run these big cities (into the ground), EAT IT! It may not be what you wanted, but you got just what you asked for in unleashing COVID.
It may have been CoVid that pulled the trigger but the trigger was there waiting the first time some smart Johnny tried packet switching. And let's face it, high crime and tax rates and cramped working conditions are helping pull it.
No being under the thumb of ueber Leftist HR departments.
It's also because remote working has allowed many younger workers to leave their location and move to NYC without losing their job. The higher-paid ones are filling all those empty non-rent-controlled apartments and starting to revive the restaurants and other nightlife.
This is a good sign for us NYers. Eventually there will be a renaissance if these people stay.
NYC is triple taxed, Federal, State and City. Who wants that? Wouldn’t you prefer working from a low tax state like Florida, the decreased taxes alone provide a huge pay increase.
The younger ones left. Many of them returned to their parents' home in the suburbs, many just bailed completely.
Many of the younger ones were living with roommates who lost jobs and they couldn't find other young adults to move in.
People found themselves locked down alone in an apartment and realized that acquaintances and coworkers are not friends. Many headed out from New York City to Florida because it wasn't locked down.
Young couples saw what the lockdowns and school closures were doing to their kids and left New York City so their kids could grow up normal instead of surrounded by neurotic Branch Covidians.
In order to work or travel to NYC from the suburbs and CT and NJ, you will have to PAY MORE to ease traffic and congestion.
My only problem with them destroying their states like this is that it will drive these lunatics to the functional parts of the country. We sure as hell don't need any more of these damn yankees here in Texas.
Yes, that’s the other side of it. A lot of people fled out of fear.
Thankfully, there’s a whole new bunch moving in. Rents are sky-high again. Startlingly high.
You can tell they’re new to the city in various ways. They wait for the traffic lights to change before crossing the street, and stuff like that. We welcome them because they’re keeping our city alive, even though many of them act distant and superior.
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