Exodus from NYC: The young join the rich in ditching the Big Apple as the coronavirus economic downturn drives professionals out and companies accept staff permanently working from home

UK Daily Mail ^ | May 23 2020 | KAREN RUIZ

[knighthawk]

Young people are joining the rich and are fleeing New York for the suburbs after the coronavirus lockdown left many professionals reconsidering city life as companies begin to permanently adopt work-from-home models.

As COVID-19 gripped the country in mid March, residents of New York City's wealthiest neighborhoods fled to ride out the lockdown at their vacation homes, while many young people hunkered down in the suburbs with their parents.

Some were forced to break their leases and move back to their hometowns because they could no longer afford the city's exorbitant rent prices after losing their jobs, while others have continued paying for their cramped city apartments while they shelter elsewhere.

[MinorityRepublican]

If you have money, it’s a great buying opportunity to purchase property in Manhattan.

[Gene Eric]

Buyers’ market

[proud American in Canada]

Wow, I’m not familiar with the ins and outs of NYC real estate, but this could completely transform real estate in the city.

[Rockingham]

Buying opportunity for what, exactly? A suite on the Titanic? NYC is going to be a diminished and grossly over-taxed place for years to come.

[Ann Archy]

Don’t bring your DESTRUCTIVE POLITICS to FLORIDA!!!

[Gene Eric]

Yeah, it’s both a problem and an opportunity.

[US Navy Vet]

If You’re Moving From a Blue State to a Red State ...
https://www.youtube.com/watch?v=CxRsgAMDgvo

[thinden]

Yeah, it’s both a problem and an opportunity.

Xxxxxxxxxxxxxxxxxxxxxxxxx

Good point

[matt04]

Yep. Rush mentioned this recently. Cuomo and de Blasio may end up destroying their commercial real estate market ad intern things like Broadway and eventually the residential market. That will be end up being hundreds of millions of lost tax revenue at the minimum.

The cycle will repeat as more and more flee.

[Gene Eric]

>> Buying opportunity for what, exactly?

Bowling Green to Midtown commercial real estate.

[Drew68]

If you have money, it’s a great buying opportunity to purchase property in Manhattan.

The total collapse of commercial real estate, another gift from our ham-fisted, medically fraudulent reaction to a strain of the flu that is dangerous primarily to octogenarians in nursing homes.

Great Depression II is gonna be fun! Thanks, "leaders"!

[redshawk]

With so many working at home, I wonder about the individual worker and their internet security. Certainly many of these jobs involve accessing sensitive information. Just thinking out loud.

[redshawk]

38 mil unemployed, add a spouse and a kid and you have 100+ million people whose lives have been destroyed. ...one third of the population gone up in smoke. ....

[Spktyr]

Only if it doesn’t go the way of Detroit.

[Spktyr]

Not really that much of a problem if properly implemented. Issue a company laptop or desktop for use on company business only, implement said restrictions in software and lock it down, then connect using a VPN.

[SmokingJoe]

If you have money, it’s a great buying opportunity to purchase property in Manhattan.

More like if you have money, it's a great opportunity to lose money in Manhattan. If Cuomo and deBlasio insist on keeping NYC closed till after August or maybe even up to after the elections in November, there won't be much of NYC or NYC businesses left.
400000 souls have already left the city. How many will continue to live there if lockdowns continue to August or even November? deBlasio will be mayor of a ghost city.

[FreedomPoster]

It is very possible to deploy laptops to remote workers that are seriously locked down, require use of VPNs to access sensitive corporate systems/databases, etc.

[redshawk]

Thanks for the reassurance. Seems simple enough.

[867V309]

If you have money, it’s a great buying opportunity to purchase property in Manhattan.

with fake-name dooshebag deblasio, horse-faced moron occasional cortex and ship-'em-off-to-die-in-nursing homes-como fearless leaders, you think things look good in the rotten apple?         enjoy the desperate illegals spitting in your take-out!