Is New York City’s ‘Remarkable Growth Story’ Ending? (Utica: condo, crime)
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
I always thought the population seemed to be getting bigger by the year now to think about it, people are moving out do to the cost and dont forget the elderly dying out or headed to Florida, what you think?
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.
A rehashed story about every decade there's a huge influx followed by large groups of mostly middle and upper class moving out due to COL issues. Why would any middle class live in NYC and get taxed to death. There are only 2 class that are protected and forever in NYC and that's the elite rich and the poor.
The real census the city and state should worry is tax revenue. I know there's a real decline in the tax base because Cuomo and DeBlasio realized there's an unexpected tax shortfall. It will hurt the city if they keep sheltering homeless at exorbitant market rates and driving neighborhood rents down as people flee NYC for other towns. It's all reminiscent of the late 80s and 90s Democrats policies. There's too many unaccounted for people in NYC not paying taxes and eating away the revenue that should go towards fixing the subway. Deblasio and Cuomo knows that they are obligated to house the poor but not funding the MTA projects because they want tax payers to pay for everything. Why would anyone who make over $80k wants to live in NYC and get taxed almost 30% tax rate.
A rehashed story about every decade there's a huge influx followed by large groups of mostly middle and upper class moving out due to COL issues. Why would any middle class live in NYC and get taxed to death. There are only 2 class that are protected and forever in NYC and that's the elite rich and the poor.
The article itself says that this story is rehashed, and that New Yorkers are typically replaced by immigrants and this is still the trend. A lot of young Americans who move to NYC eventually return home or go elsewhere, to be replaced by other young people. Manhattan is a college town and so are parts of Brooklyn.
A rehashed story about every decade there's a huge influx followed by large groups of mostly middle and upper class moving out due to COL issues. Why would any middle class live in NYC and get taxed to death. There are only 2 class that are protected and forever in NYC and that's the elite rich and the poor.
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....:-).
While the exact numbers are anyone's guess, I will say we can't really be too surprised. The backlash against development over "gentrification" along with ever higher costs and mandates has caused construction to draw to a halt. Birth rates are falling even among new immigrants, and as higher income households replace lower income ones household sizes will continue to dwindle.
This is an of itself isn't reason to panic. I can say that since moving here last winter the subway seems to never be as crowded as I remember it in the 2000s during my visits. The city as a whole seems....quieter....than before, and not just in gentrifying areas.
However, It'll be interesting how the city will deal with the next major economic downturn. It won't be tomorrow, but we're already on the 10th year of an incredible economic tear post recession and odds are sometime in the 2020s things will correct just to balance the system. The city and state are spending like no tomorrow and as NYS continues to lose representation, it will increasingly fall upon our own shoulders to maintain our own infrastructure, housing, schools, etc.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
