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Old 01-06-2018, 07:31 AM
 
Location: New Jersey and hating it
12,202 posts, read 7,221,776 times
Reputation: 17473

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Quote:
Originally Posted by Ro2113 View Post
Have you ever thought that may be this high cost of living may have to do with. Oh, I don't know being places with more higher earning jobs?

Of course you could live in a red area with lower cost of living and less opportunity.

But of course blame the left. I'm convinced that's why you nut jobs wake up in the morning.
I live in a blue state that is also unfortunately very pricey so obviously you are already mistaken.

Second, high cost of living is not a result of higher earning jobs. On the flip side, jobs has to be higher earning to make up for higher cost of living. Employers regular assess their salaries and wages with the area’s cost of living, so they can stay competitive with other employers.

Let’s go back to the days when NYC was cheap. Shall we agree on the 1980’s? Okay, NYC in the 1980’s was still the financial and economic capital of the country (actually, more so than today because it had more Fortune 500 companies then than now as some have either moved to cheaper locations or through mergers). Obviously, with being the financial and economic capital, it had plenty of well paying jobs. In fact, NY (and this is before Silicon Valley) had the highest paying jobs in the country. That didn’t change until SV became as rich as it has but that’s another story.

With that understood, 80’s NYC was very cheap to live in not because of what you claim but because there wasn’t much demand to live here. The 80’s were really the tail end of the white flight to suburbia and cities were still looked upon as dangerous, dirty places that were not desirable.

Beginning in the late 90’s and early 2000’s, it was once again fashionable for young people (yuppies) to move and live in the city. It was safer (the reason for this is still up for debate which is an entirely different discussion so I’ll leave that out) and housing was relatively cheap.

But here is the problem, NYC has restrictive zoning. Everything is fine until there is a boom in demand for housing. As you know (or maybe you don’t since you don’t sound very informed) there is an economic concept known as “supply and demand.”

If these two forces are in equilibrium, then prices stabilize. However, if either one is restricted or gets overly dominant, then prices either skyrocket or crash (depending on which force is out of control).

So when demand to live in cities rose and NYC being the most prestigious of all, NYC housing could not keep up or at least meet the surging demand. Even someone like you should know that if there aren’t enough of something to go around, prices naturally go up.

So instead of relaxing zoning, NYC politicians went even more extreme and put in more restrictive measures, i.e. height limits, lower FAR’s, etc. and downzoned even more places in central parts Manhattan to appease NIMBY community boards and organizations. You see, the market responded to the demand by constructing more housing. NY’ers see the increase in construction as “overdevelopment” so they complained to their representatives, which then forced the city to downzone and put restrictions to development. Wrong move.

Greenwich Village, West Village, East Village, Chelsea, UWS, The Bowery, Hell’s Kitchen, etc. were all downzoned with strict height limits and uses in many areas. When you put such restrictions in so many parts of Manhattan, the very parts of NYC that are well sought after and with the easiest access to jobs, then prices are going to increase.

This has a dominos effect on the rest of the city because the Manhattanites that were priced out went to the outerboroughs, this then caused prices to rise there. As the outerboroughs began getting pricey, folks there had to move further out and that caused prices to rise there and so on.

I can go on but I know not many people will read anything lengthy so I’ll wrap this up here. In short, the city’s high cost of living is definitely self induced and self inflicted due to their liberal ideologies of high regulation, high taxes and unions.

Last edited by antinimby; 01-06-2018 at 07:44 AM..
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Old 01-06-2018, 09:37 AM
 
931 posts, read 801,547 times
Reputation: 1268
Quote:
Originally Posted by BlakeJones View Post
"Prostitution, drug use and violence occurred at dozens of hotels that New York City used as shelters for homeless families last year, city investigators found.

One homeless woman told investigators that a stranger tried to recruit her into prostitution, and three months ago, a Bronx man was arrested on federal charges of sex trafficking and prostitution involving two hotels where the city had placed families. Out of 57 hotels the city used to house homeless families with children last year, criminal activity occurred at 34 of them, according to a report released on Thursday by the Department of Investigation..."


https://www.nytimes.com/2018/01/04/n...els-crime.html


But forget at all that, come on in America! We'll have shuttles waiting for you when you come in from around the country at Port Authority to whisk you to your free hotel rooms
Are you really surprised though? Anyone could have predicted this was going to happen. This is a result of what happens when you put a bunch of destitutes under one roof. This is notorious in BLUE states like NY. The culture changes, the neighborhood changes and crime rises. Common sense!
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