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Manhattan Real Estate Fizzles As Prices, Demand Plummets
Forbes ^ | 10/23/2020 | Natalie Campisi

Posted on 11/17/2020 10:42:26 AM PST by Vendome

Elevator etiquette requires that no more than two parties share a ride, and that’s only if the next party in line says it’s OK. And Broadway is still dark, an ominous symbol of what Covid has wrought on the Big Apple.

(Excerpt) Read more at forbes.com ...


TOPICS: Business/Economy; Constitution/Conservatism; Culture/Society; News/Current Events; US: New York
KEYWORDS: killing; manhattan; prejudice; realestate; realty; with
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1 posted on 11/17/2020 10:42:26 AM PST by Vendome
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To: Vendome

And don’t forget your friendly neighborhood roving gang of street thugs, BLM, destroying property and harassing people with impunity.


2 posted on 11/17/2020 10:44:49 AM PST by Londo Molari
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To: Vendome


3 posted on 11/17/2020 10:48:11 AM PST by Rebelbase
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To: Londo Molari

It will be like the city in BladeRunner but without the rain.


4 posted on 11/17/2020 10:48:44 AM PST by cuban leaf (The political war playing out in every country now: Globalists vs Nationalists)
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To: Rebelbase

yep, the Rotten Apple


5 posted on 11/17/2020 10:49:46 AM PST by 1Old Pro ( )
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To: Londo Molari

Companies are beginning to see how technology allows their workers to work remotely without affecting operations.

This means that they don’t have to rent expensive office space to do business.

Add this to the massive exodus from New York City under Mayor De Blasio ( crime has shot up nearly 200% ) and you can see how living in the city has become unappealing.

We had a good 20 year prosperous and peaceful run under Mayors Giuliani and Bloomberg ( who continued and improved on Rudy’s tough on crime policy ). That all changed under this Commie sympathizing mayor whose own daughter actually got arrested for protesting with BLM and Antifa.


6 posted on 11/17/2020 10:49:55 AM PST by SeekAndFind
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To: cuban leaf

It will be like the city in BladeRunner but without the rain.

Or like Black Hawk Down with snow

7 posted on 11/17/2020 10:54:30 AM PST by PGR88
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To: Rebelbase

Zactly


8 posted on 11/17/2020 10:54:47 AM PST by Vendome (I've Gotta Be Me https://youtu.be/wH-pk2vZG2M)
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To: SeekAndFind

My son-in-law owns a company that has just under 40 developers and is located in Seattle. They went WFH and he found productivity did not change at all. His lease on his office space expires the end of the year. He’s doing three things:

1. He’s going PERMANENT WFH.
2. He and my daughter and granddaughter are leaving Seattle for flyover country. They visited my other daughter and her husband that moved here a couple years ago to the area east of Louisville and were blown away by how much house and property they got for $650. They are looking to do the same, now.
3. HE’s hired his last Seattle (Tier 1 market) employee. He won’t lay any off, but as they are removed via attrition, he’ll replace them with much cheaper Tier 2 and 3 market employees. They are just as good and as little as half as expensive.

Of course, that’s just one company.


9 posted on 11/17/2020 10:55:17 AM PST by cuban leaf (The political war playing out in every country now: Globalists vs Nationalists)
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To: SeekAndFind

There are a lot of parallels to Abe Beam’s and Ed Koch’s NY of the 1970s. It will take at least 10 years to work through their problems.


10 posted on 11/17/2020 10:55:51 AM PST by PGR88
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To: PGR88

Or like Black Hawk Down with snow


HAHAHA! Even better.


11 posted on 11/17/2020 10:56:22 AM PST by cuban leaf (The political war playing out in every country now: Globalists vs Nationalists)
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To: Vendome

“No fart in car”
(Japanese Engrish webpage, from taxi in Tokyo)


12 posted on 11/17/2020 10:56:48 AM PST by W. (I keep thinking great lines for this space, then forgetting them.)
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To: SeekAndFind

It was a helluva run, had to end sometime with all the dumb libs in the city


13 posted on 11/17/2020 11:00:57 AM PST by PMAS (All that is necessary for the triumph of evil is that good men do nothing)
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To: Miss Didi

Ping!


14 posted on 11/17/2020 11:01:03 AM PST by Jane Long (Praise God, from whom ALL blessings flow.)
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To: cuban leaf

Please tell us that your SIL and daughter WILL NOT vote lib, once they escape Seattle, for flyover country.

:- /


15 posted on 11/17/2020 11:03:03 AM PST by Jane Long (Praise God, from whom ALL blessings flow.)
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To: SeekAndFind

Bloomberg was an able adminstrator. I have to give him that.


16 posted on 11/17/2020 11:05:50 AM PST by MinorityRepublican
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To: cuban leaf

WFH is not going to work well in the long run. It might work for certain highly skilled individuals and CEOs but for most of us, we need “the man” watching over us as we work.


17 posted on 11/17/2020 11:07:19 AM PST by MinorityRepublican
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To: Vendome

Keep voting Democrat.


18 posted on 11/17/2020 11:07:28 AM PST by Pajamajan ( PRAY FOR OUR NATION. I will never be a peaceful slave to a Socialist new America.)
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To: SeekAndFind

I live right across from Staten Island on the Jersey side. My home value has taken off like a rocket since Spring. Might be time to sell and move to Montana.


19 posted on 11/17/2020 11:09:26 AM PST by Jim Pelosi
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To: Vendome

I wish the Cloisters and the Frick Collection would move to Texas.


20 posted on 11/17/2020 11:14:51 AM PST by HChampagne (I am ready to crawl over broken glass to get to the polling place for Nov. 2020.)
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