New York already has a vacancy problem. There are blocks of ground floor business spaces that are empty. New York may be the city that never sleeps but it appears it is taking a lot of naps.
New York makes money on almost any business deal. Stop doing business and the money flowing into New York begins to dry up.
What the politicians don’t seem to understand is that New York no longer has a purpose. It has only been inertia keeping big businesses in New York. Sort of like the small lake that forms on the street during a heavy rain and the drains are blocked. This decision against Trump has pulled the blockage and businesses have more reasons to leave then to stay.
New York is not too big to fail. It will not be the first (or the last) as history books are full of great cities that were abandoned when they no longer served their purpose.
\/
maybe an abandoned n.y. city IS the CCP plan...
..their cities are crumbling and falling down, literally, from phony rebar and concrete..
..maybe they need a place to move their population to
/-)
half kidding only
.
More vacancy to house the newcomers that just happened to wander across the border and find cell phones, debit cards, hotels, clothes meals and plane tickets! Welcome to the new America!
Maybe Wall Street should move next to Wall Drugs in South Dakota.
NYC isn't the only large U.S. city that is being run into the ground by Democrats. I've long predicted that mid-sized cities will eventually be the beneficiaries of the stupidity of large cities. There is nothing special about living in NYC or any other large city, and in fact, there is little to recommend regarding living in large cities (unless one likes high crime rates, hopelessly corrupt politicians, and third world conditions). Remote work is another development that will make NYC and others obsolete. The headaches are starting to outweigh the plusses of big city life.
“It has only been inertia keeping big businesses in New York.”
That is a very good point. At some point things get so bad and unprofitable that moving out can’t be put off. The Trump case may be that point.