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Old 09-13-2019, 06:43 AM
 
Location: Austin
12,516 posts, read 7,125,790 times
Reputation: 13908

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Quote:
Originally Posted by antinimby View Post
^ Besides a headcount, I'd also be curious of the income/wealth of the people leaving versus the people coming.
https://www.investors.com/politics/e...ch-high-taxes/
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Old 09-13-2019, 08:21 AM
 
Location: New York
803 posts, read 485,584 times
Reputation: 2041
Quote:
Originally Posted by BBMW View Post
Have you considered leaving NYS entirely?
The only other market that will pay me as much as NY is SFO and the housing costs are even worse there, so no.
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Old 09-13-2019, 08:37 AM
 
Location: NYC
13,343 posts, read 9,046,262 times
Reputation: 14746
Pay is definitely an issue for different cities but lately salaries are going up in many cities as their cost of living have been pushed upwards. Miami isn't that much cheaper than NYC. Had a colleague and he pays $4000 for property taxes and $1500 for home insurance and electricity bills year around is $300/month. He makes NYC income which does allow him to keep 25% more money living down there. He has to spend $5000+ a year commuting to different states as he travels a lot for work.
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Old 09-13-2019, 09:08 AM
 
Location: Confines of the 101 Precinct
20,223 posts, read 35,205,869 times
Reputation: 8692
Quote:
Originally Posted by vision33r View Post
Pay is definitely an issue for different cities but lately salaries are going up in many cities as their cost of living have been pushed upwards. Miami isn't that much cheaper than NYC. Had a colleague and he pays $4000 for property taxes and $1500 for home insurance and electricity bills year around is $300/month. He makes NYC income which does allow him to keep 25% more money living down there. He has to spend $5000+ a year commuting to different states as he travels a lot for work.
Do you have any numbers to support your statement? Like a link or something that shows a study of this?
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Old 09-13-2019, 09:17 AM
 
923 posts, read 577,709 times
Reputation: 1071
Of course people are fleeing. Landlord greed and stagnant wages from corporations is making the city nearly unliveable at the prices being asked, and the smokescreen that it's the government's fault or immigrant's fault is being blown around as usual, in order for the wealthy to keep the normal people fighting with each other instead of them.

The biggest fault of the government is that they offer **** wages to *most* agencies. Some MTA, NYFD, and NYPD employees make a ton of money, but try getting by in NYC on the salary of, say, a DEP scientist or civil engineer.
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Old 09-13-2019, 09:23 AM
 
Location: Confines of the 101 Precinct
20,223 posts, read 35,205,869 times
Reputation: 8692
Quote:
Originally Posted by iammax View Post
Of course people are fleeing. Landlord greed and stagnant wages from corporations is making the city nearly unliveable at the prices being asked, and the smokescreen that it's the government's fault or immigrant's fault is being blown around as usual, in order for the wealthy to keep the normal people fighting with each other instead of them.

The biggest fault of the government is that they offer **** wages to *most* agencies. Some MTA, NYFD, and NYPD employees make a ton of money, but try getting by in NYC on the salary of, say, a DEP scientist or civil engineer.
The bold.

Patricians > plebeians
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Old 09-13-2019, 09:48 AM
 
Location: New York, NY
8,312 posts, read 3,673,240 times
Reputation: 3423
Quote:
Originally Posted by vladlensky View Post
I live on the Hudson line southern Westchester. By all accounts it's a dream commute, but getting to downtown via the subway from GCT is taking 2 hours on a good day. Plus, lately dealing with the school traffic which overwhelms the local roads at home is becoming a headache. At this point I'm ok with living in a much smaller place in exchange for getting 4 hours of my life back every day.
So it isn't Metro-North then. It's the subway that's your problem!! Get a job in Midtown. Problem solved!!
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Old 09-13-2019, 10:04 AM
 
1,938 posts, read 694,932 times
Reputation: 2086
Quote:
Originally Posted by NJ Brazen_3133 View Post
I think he/she selling to another wealthy person who likely move in or rent to another wealthy person who will move in.

Even if home prices are dropping, they have long way to go before wealthy are the not the primary investors/buyers.

Wrong - he/she not selling to another wealthy person. His/her property stay on market for a long time because no buyer interested. Meanwhile, he/she gone to another state (because he/she can afford to buy another home while the one in NYC sitting empty), and he/she no longer paying income tax to NYC to support NYCHA etc.
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Old 09-13-2019, 10:32 AM
 
Location: Manhattan
21,745 posts, read 28,810,333 times
Reputation: 9923
Quote:
Originally Posted by SeventhFloor View Post
There's vacant buildings everywhere


Only because they are overpriced.
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Old 09-13-2019, 10:40 AM
 
1,938 posts, read 694,932 times
Reputation: 2086
Quote:
Originally Posted by texan2yankee View Post

Well, that is what I have been saying all along. If 2018 NY tax revenue was 2 billion short, wait til you see the 2019 one. It doesn't matter that NYC lost very few residents compared with 8.4 million population, because relatively few top-income earners need to leave in order for the state/city tax revenue to drop by 2 billion.



Re business & wealth: Californian Dems pay some lip service to poverty management, but everyone knows that wealth management is their real job, and that they are very pro-business. What happened to Amazon in NYC would be unthinkable in Cali. When Cali does try to incorporate good charitable services, it aims for the Scandinavian variant of that, not Venezuelan like in NYC (the essence of Scandinavian approach is that you want to stimulate Volvo and Ikea, so strong business can afford to support charity).



Re middle class: income taxes are progressive in Cali, but have more steps than NY to avoid unfairness to middle class. Also, neither SF nor LA impose additional city income tax like NYC. Also, neither San Francisco peninsula nor West LA are encircled by projects like Manhattan, so the waste of your tax money and potential for crime are not constantly staring you in the face in either SF or LA. True, there are many homeless people in both CA cities, but they are generally not aggressive. While LA and SF may have more crime on paper, it is a massive news when it involves an innocent bystander, while a violent crime against a non-criminal person in NYC is so common that it hardly triggers any attention.
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