what is your opinion of the condition of NYC over the last 5 years before the coronavirus (Ovid: real estate, 2014)

[jonbenson]

what is your opinion of the condition of NYC over the last 5 years before the coronavirus ?

2014 - 2019 ( or up to the end of feb 2020)

in terms of livability and opportunity? Compared to the 5 years before that

[BX_Fly]

Much less job opportunities (qualified and not qualified) due to way too many people and competition.

Inflation through the roof (due to real estate prices, licenses, rules etc etc making profitability harder for businesses)
Real estate through the roof.
Less livable due to the cost of living that is absolutely abnormal for the bulk of the population who actually make this city work (and we saw who the essential workers were during covid).
Way too many useless businesses (futile "luxury" merchandise, or another 100000th chain store you find on every street corner) opened up instead of essential businesses and mom and pops stores.

[jonbenson]

Originally Posted by BX_Fly

Way too many useless businesses (futile "luxury" merchandise, or another 100000th chain store you find on every street corner) opened up instead of essential businesses and mom and pops stores.

the essential retail businesses are food markets, drug stores, hardware, home improvement,

much of that is dominated by chains so you would have to have zoning laws to reduce some of it

[Honda718]

Gradual QOL Decline.

[BX_Fly]

Originally Posted by jonbenson

the essential retail businesses are food markets, drug stores, hardware, home improvement,

much of that is dominated by chains so you would have to have zoning laws to reduce some of it

What about these stores who only carry three items, including a pair of sneakers priced at $959 because only 10 pairs were produced?

Drug stores, in some areas are way too many. And banks. They close down a business and bank opens up... How many banks do we need in certain areas??

[Mr.Retired]

Response:

Honda 718 nailed it.

Quality of Life decline.


From Boomers to Zoomers to Doomers...............

[vision33r]

The uniqueness of NYC has been long lost, every corner you look is the same setup. Back in the late 90s you get excited to hit a new bar, club, tons food places that are actually affordable back then. Someone is always showing me a new cheap eats place in NYC back then, now nothing is cheap and the lines are long just to get even street food.

[Mr. Ryu]

It will be interesting to see NYC in the next couple of years

i agree with Bxfly
QOL = decreasing every year in the non sex and the city areas.
COL = increasing every year. Impossible to own unless you are making 200K+
Jobs = Dog eat dog culture. Lot of competition. Wage stagnation across several industries.

NYC in the next 5 years will be a city for the upper middle class and Uber rich. You will see more aggressive gentrification with people exiting the city.

[GGG2020]

Comparing 2014-2019 to 2009-2014? About the same, really. Unbalanced. Too much expensive residential construction, increasing COL so the people who make the city run kept getting pushed further out. I was appalled a few years ago to find out there's such a thing as the working homeless. Some improvements from the early 2000s - more efforts to bring fresh produce to underserved parts of the city, more street trees, and most of all Universal Pre-K. Very safe. But at the core of it, the longer my job involved building condos, the more it felt like a house of cards - I thought the market is bound to collapse at some point, taking a lot of jobs with it. Maybe I was wrong and it would have kept going, will never know now because coronavirus has thrown a monkey wrench into everything.

[blahblahyoutoo]

Already on the decline pre COVID.