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Old 09-13-2019, 03:48 PM
 
11,199 posts, read 9,566,118 times
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Yes, but the COL is other cities (besides SF) would be substantially cheaper. You might come out ahead.

Quote:
Originally Posted by vladlensky View Post
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, 04:24 PM
 
9,770 posts, read 16,086,338 times
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Quote:
Originally Posted by SeventhFloor View Post
Until there's no more taxpayers........then what????
Well, take a look at Detroit....
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Old 09-13-2019, 04:47 PM
 
7,553 posts, read 6,046,242 times
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Quote:
Originally Posted by stormgal View Post
And for this exact reason will Trump win in 2020.


and yet many commentators in the financial sector discuss a high probability of a recession next year, this due in part to Trump's manic antics. Then there are record level Federal deficits.


FACT.


1. Trump's tariff tantrums aren't reducing trade deficits. In fact these are growing.


2. Trump's manic instability means that the business sector isn't investing.


3. Trump's tax cut isn't being used to fund capital expenditures. It was used for stock buy backs.


4. The much vaunted manufacturing sector is already in recession. That the enture nation isn't is because Trump failed in increasing the role of this sector in the overall economy as he boasted that he would do.


5. The coal miners still haven't gotten back their jobs, and now people in the Midwest fear that they will use theirs as US industry becomes less competitive, thanks to the tariffs.
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Old 09-13-2019, 04:54 PM
 
7,553 posts, read 6,046,242 times
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Quote:
Originally Posted by SeventhFloor View Post
The bold.

Patricians > plebeians


In fact in NYC its the "evil capitalists" who are being blamed for all that is wrong. De Bozo and AOC leading the charge.


When Romney chatted about "job creators" who wasn't completely wrong. Increasingly people ask themselves why NYC given its high costs (including taxes)and its mediocre QOL.


When I began posting here many were boasting about NYC being so precious that it was a "privilege" to live here. I warned of the high housing costs and high costs to do business and warned that others will take the business away.


Now SALT layered on top of these problems, and suddenly FL doesn't look too bad, once Dorian and his friends don't drop in for a visit.


NYC has to figure out how to make itself more competitive and how to strengthen its middle class.
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Old 09-13-2019, 04:54 PM
 
21,571 posts, read 14,299,866 times
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Quote:
Originally Posted by MaryleeII View Post
Well, take a look at Detroit....
While things can get bad, city will never go way of Detroit, just isn't possible.

NYC still is and will remain for foreseeable future a world class urban area in ways Detroit never was or could be. Finance, tech, entertainment, and other areas drive the economy but also attract best and brightest country and world has to offer.

Detroit's heyday wasn't very long; the place was largely built (and propped up) from about WWI period to a few decades after WWII largely based on manufacturing. There were few if any other major industries out there and thus when 1970's (and onwards) decline hit "rust belt" areas, Detroit got it hard.

Detroit also suffered as whites and other wealthy moved out leaving mostly poor and minority population. An emboldened city government say their chance to push hard on business/industry to get some of their own back, and the affected in turn told them to go pound salt and moved away.

While it does seem as if NYC government under Sam the Eagle and that some kind of city council are going down same route, it won't be that complete or simple. Like a fight in a cat house once times start to turn bad, or even a whiff they will turn on each other pointing fingers. Then someone like Rudy G. or even Bloomberg comes in to clean up the mess and stop the madness from going further, and also turn things around.
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Old 09-13-2019, 06:24 PM
 
3,592 posts, read 3,426,754 times
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[quote=BugsyPal;56171639]While things can get bad, city will never go way of Detroit, just isn't possible.

NYC still is and will remain for foreseeable future a world class urban area in ways Detroit never was or could be. Finance, tech, entertainment, and other areas drive the economy but also attract best and brightest country and world has to offer.

Detroit's heyday wasn't very long; the place was largely built (and propped up) from about WWI period to a few decades after WWII largely based on manufacturing. There were few if any other major industries out there and thus when 1970's (and onwards) decline hit "rust belt" areas, Detroit got it hard.

Detroit also suffered as whites and other wealthy moved out leaving mostly poor and minority population. An emboldened city government say their chance to push hard on business/industry to get some of their own back, and the affected in turn told them to go pound salt and moved away.

While it does seem as if NYC government under Sam the Eagle and that some kind of city council are going down same route, it won't be that complete or simple. Like a fight in a cat house once times start to turn bad, or even a whiff they will turn on each other pointing fingers. Then someone like Rudy G. or even Bloomberg comes in to clean up the mess and stop the madness from going further, and also turn things around.[/quote]


how is this different from saying that "mr bugsy is hallucinating or wish-washing...."...
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Old 09-13-2019, 09:36 PM
 
21,571 posts, read 14,299,866 times
Reputation: 15141
[quote=leoliu;56172252]
Quote:
Originally Posted by BugsyPal View Post
While things can get bad, city will never go way of Detroit, just isn't possible.

NYC still is and will remain for foreseeable future a world class urban area in ways Detroit never was or could be. Finance, tech, entertainment, and other areas drive the economy but also attract best and brightest country and world has to offer.

Detroit's heyday wasn't very long; the place was largely built (and propped up) from about WWI period to a few decades after WWII largely based on manufacturing. There were few if any other major industries out there and thus when 1970's (and onwards) decline hit "rust belt" areas, Detroit got it hard.

Detroit also suffered as whites and other wealthy moved out leaving mostly poor and minority population. An emboldened city government say their chance to push hard on business/industry to get some of their own back, and the affected in turn told them to go pound salt and moved away.

While it does seem as if NYC government under Sam the Eagle and that some kind of city council are going down same route, it won't be that complete or simple. Like a fight in a cat house once times start to turn bad, or even a whiff they will turn on each other pointing fingers. Then someone like Rudy G. or even Bloomberg comes in to clean up the mess and stop the madness from going further, and also turn things around.[/quote]


how is this different from saying that "mr bugsy is hallucinating or wish-washing...."...

You know am getting fed up to the back teeth with you bouncing in here and starting mess with my posts.
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Old 09-13-2019, 09:50 PM
 
21,571 posts, read 14,299,866 times
Reputation: 15141
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.
You can research the subject, but pretty much it is those who earn that are leaving, while OTOH more and more busted and poor both migrants and immigrants (illegal) are arriving.

Legal immigration requires persons cannot be busted or likely to be public charge. Asylum cases are another matter.

Yes, transplants are migraiting to NYC, but plenty of Millennials also are leaving.

NYC is a beacon to the poor/busted because it offers so much aid without any questions asked from housing to sex change operations.

Concentration of wealth does what it has for ages all over the world as well; those that don't have will live off what those that do don't want.
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Old 09-13-2019, 09:56 PM
 
6,553 posts, read 6,580,908 times
Reputation: 3040
Quote:
Originally Posted by texan2yankee View Post
Between July 2017 and July 2018, New York lost 180,306 people and gained 131,746 new residents. A difference of 48,560 abandoned New York — the biggest decrease of any state in the US.

The report states that while New Yorkers are leaving en masse, “the blow is being softened by international migrant inflows. From July 2017 to July 2018, close to 200,000 New Yorkers sought a new life outside the Big Apple while the area welcomed almost 100,000 international migrants.”

I read Carl Ichan is moving his hedge fund from NYC to Miami yesterday: 75 employees and taxpayers which earn avg. of $1.4 million each.

We left manhattan a few years ago. while always expensive, the city was safe and clean during Giuliani and Bloomberg years. It is sad to see what progressive NYC voters have done to it recently by electing de Blasio.
LOL I really dont notice that much of difference between Blasio and Bloomberg years. Its always been dirty even under Giuliani. Only thing is under Giuliani, not so many people in Manhattan as it had not yet become a transplant paradise. More people, more filth.
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Old 09-13-2019, 10:01 PM
 
21,571 posts, read 14,299,866 times
Reputation: 15141
Quote:
Originally Posted by vision33r View Post
The taxpayers are fleeing not the tax users like homeless and illegals. NYC will have to find more ways to screw the tax payers for the revenue gap.
New York is a *very* generous state, and city piles on. However all that largess is reliant upon businesses and those who actually earn being willing to pay large amounts of taxes, fees, surcharges, tolls, and every other way NYC and its local areas find to pick their pockets.

Despite over eight years of Cuomo's mouth and promises upstate is still emptying out in record numbers.

That leaves NYC/downstate more and more carrying rest of state. If things slow down here, and or enough middle class to wealthy residents flee, then everyone else had better watch out.
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