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Old 04-19-2019, 03:35 PM
 
10,579 posts, read 9,061,217 times
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Some interesting points in here but not all correct. In Pretty much all the industries that are big in NYC (finance, media, law, tech, fashion, etc) the actual work could be done anywhere by computer. But to get things done well, the players in these industries want to be in close enough proximity to each other, and have their workers in the same proximity, to do deals and feed off others ideas. Some of this can be cone remotely, but it just works better face to face. Witness some companies rescinding the large scale remote working policies they had.

If NYC breaks up as a business nexus, it would be because the concept of the business nexus has ceased to be relevant. At that point all bets are off for anywhere.

And as far as using Keith Richards as a bellwether for NYC's cultural relevance, the guy's 75 (what were the odds of him making it that old), and who knows how many (how few) working brain cells he has left. I think his rabble rousing hard living, hard partying days are probably behind him. He may just not be capable of it any more. A relaxed semi-retirement in CT may just now be his speed.

Quote:
Originally Posted by elnrgby View Post
The elite rich are pretty much all that still floats the city, which is why they are protected :-). The thing is, the elite rich follow their own trends. In the 1990s, very many top showbusiness figures had homes in New Orleans (because of the famed "city atmosphere"), and there was a very perceptible situation along the lines of superrich/superpoor division of NYC in the 2010s (although New Orleans did not have the international rich). After Katrina at the end of summer 2005, the showbiz figures never returned to New Orleans - only the deep poverty/crime and Disney-style tourism remained.



Practically everything that NYC was famous for has either moved online and/or spread all over the country/globe, but NYC is still a very major global financial center. If finance moved entirely into the electronic sphere, if it got to the point where CEOs and bankers could run their multinational companies or banks from their gated homes located wherever they wanted to locate them, if brick&mortar financial institutions ceased to exist, NYC could indeed theoretically become a Detroit. Could that realistically happen? Who knows.



The leading international position of NYC in the 19th century depended largely on the Erie Canal system which connected the rapidly developing/westward moving interior of the US with the rest of the world. A major western trade point on the Erie Canal, ie, Utica NY, one of the major US cities 180 years ago and one of the US top economic hubs, is now a small, highly criminal, unspeakably depressed ghost place. It would be surprising if a horror story like that happened in NYC, but it proves that very surprising things have happened historically, and can happen again......


Edit: incidentally, and in connection with the New Orleans story, Keith Richards of The Rolling Stones, who lives in CT but who has also owned pied-a-terre in NYC for many many decades (near NYU), has put his NYC condo on the market at the end of last year. Now, as people always said, if the rest of the world comes to an end, only cockroaches and Keith Richards would survive... although the saying was related to Keef's indestructibility by hard drugs or anything else, I think the fact that he decided against owning in NYC does tell something (although he has kids to whom he could have left a cool NYC property... unless the Richardses do not consider NYC to be cool any more? I'd say Keef is certainly a major authority on the subject of cool, so....:-).
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Old 04-19-2019, 03:36 PM
 
Location: Earth
4,340 posts, read 2,940,358 times
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Quote:
Originally Posted by Airborneguy View Post
Of course Staten Island is the only boro that grew. STOP COMING HERE!!!! You're supposed to hate us anyway. Leave us alone!!!
they come for the pizza
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Old 04-19-2019, 04:58 PM
 
19,897 posts, read 13,079,839 times
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Quote:
Originally Posted by elnrgby View Post
OP, it is impossible to read NYT articles online if one is not subscribed to NYT (the text disappears after a few seconds), so you'll have to summarize the article if you want more discussion. But I know about the issue because the WSJ ran the same story yesterday. NYC has lost 40,000 people last year, and this is the second year of net loss of the population. New York State has lost about 180,000 people last year.



For higher income population, NYC is no longer as unique as it used to be, and many other cities have developed comparably interesting lifestyles, while also being far better run politically/economically. For lower income population, NYC is too expensive. I believe those are the reasons.


It's funny because it isn't true.


Have no issues clicking upon and reading linked OP article. Also can read (and have read the NYT piece already) various online articles from the Times. So I guess it is just you (and maybe some others) that have to be worried.


NYT long ago ceased automatic paywall for articles. Most content is now freely available online days or weeks after first posting. Whatever NYT did it has worked because revenue from online is doing rather well IIRC.
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Old 04-19-2019, 05:00 PM
 
19,897 posts, read 13,079,839 times
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Quote:
Originally Posted by Airborneguy View Post
Of course Staten Island is the only boro that grew. STOP COMING HERE!!!! You're supposed to hate us anyway. Leave us alone!!!



It's a GD invasion! City and some others keep promoting SI as the last place in NYC to find "affordable" housing (buying or renting), so eegits keep coming. The island is ruined, so many I know are looking to get out if they haven't already.
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Old 04-19-2019, 05:01 PM
 
19,897 posts, read 13,079,839 times
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Quote:
Originally Posted by Dangerous-Boy View Post
they come for the pizza

You can get Pal Joey's in East Village, no need to come out to SI.
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Old 04-19-2019, 05:05 PM
 
19,897 posts, read 13,079,839 times
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City is still growing, even if less quickly, though much of that is coming from immigration and births.


What is happening everyone who has been paying attention already knows; middle-class and others who earn (and or have assets like some retirees) are fleeing the city and state in large numbers. In their place we are getting illegals, immigrants, deadbeats from other parts of the country and others who for most part are net takers of resources.
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Old 04-19-2019, 07:36 PM
 
1,495 posts, read 528,909 times
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Quote:
Originally Posted by BBMW View Post
Some interesting points in here but not all correct. In Pretty much all the industries that are big in NYC (finance, media, law, tech, fashion, etc) the actual work could be done anywhere by computer. But to get things done well, the players in these industries want to be in close enough proximity to each other, and have their workers in the same proximity, to do deals and feed off others ideas. Some of this can be cone remotely, but it just works better face to face. Witness some companies rescinding the large scale remote working policies they had.

If NYC breaks up as a business nexus, it would be because the concept of the business nexus has ceased to be relevant. At that point all bets are off for anywhere.

And as far as using Keith Richards as a bellwether for NYC's cultural relevance, the guy's 75 (what were the odds of him making it that old), and who knows how many (how few) working brain cells he has left. I think his rabble rousing hard living, hard partying days are probably behind him. He may just not be capable of it any more. A relaxed semi-retirement in CT may just now be his speed.

Aaah Keef will always be culturally relevant :-). And, as I mentioned, he also has offspring. His two younger daughters are fashion models or something (although the poor things resemble much more their father than their former model mother). It would be unusual not to keep a NYC base for family use if one has that type of family, unless something has changed about perception of the city.


Re your other post - is NYT really widely readable online without subscription? I have an Android phone, and I also occasionally check my Facebook page through a public access computer (such as in a foreign country, where I don't want to log into my e-mail through a public wi-fi). I get NYT feed on my Facebook page, and I also often get NYT articles "recommended" to me on my cellphone. I have not been able to scroll through NYT articles, on either my cellphone or on my Facebook page on public computers, for many years.
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Old 04-19-2019, 07:50 PM
 
2,839 posts, read 1,320,677 times
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Quote:
Originally Posted by BugsyPal View Post
It's funny because it isn't true.


Have no issues clicking upon and reading linked OP article. Also can read (and have read the NYT piece already) various online articles from the Times. So I guess it is just you (and maybe some others) that have to be worried.


NYT long ago ceased automatic paywall for articles. Most content is now freely available online days or weeks after first posting. Whatever NYT did it has worked because revenue from online is doing rather well IIRC.

I tried to read it but it said that I have to subscribe. Are you somehow bypassing this requirement?
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Old 04-19-2019, 08:41 PM
 
10,579 posts, read 9,061,217 times
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They give you a few free articles a month. Then it locks up. They do this by tracking your usage with cookies. Delete their cookies, and the counter resets.
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Old 04-19-2019, 08:51 PM
 
Location: Midtown
1,508 posts, read 893,124 times
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So when do the home prices start crashing?

When I say crashing I mean more than a $23 million dollar one bedroom with views going down to $18 million.
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