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And even if these Flatiron startups come to fruition, will their best employees be buying homes in LI? Will they be starting families at all?
Another issue is even with market driven start-ups you still only have a small window to compete much less be the leader. You start out and hear of two other companies doing what you are doing, and then by the next year there are six and then 36 some being funded by major corporations. Then comes the collapse and the buying up of what's left by the guys still in business. Been there, done that. Twice!
No matter, still sounds like it leaves LI in a lurch unless it takes it's available resources and comes up with it's own.
So according to you NYC will become an urban wasteland like Detroit because all the traditional businesses there will certainly move away over the next 30 years. And LI will be even worse because young hip millenials all will abandon the suburbs for apartments in park slope. Guess what? Trends change. The burbs aren't going anywhere. Now let's all quick pack up and move to Richmond and Charlotte before NYC looks like the set of 'I am legend'. Forrest hills daddy can lead the charge.
None of the links say people working in flat iron district never live on LI. Sounds like a sweeping generalization on your part.
That's where you'll need to use your analytical and forward thinking skills to interpret the numbers. People working in the FI district startups are mostly young and single. They fit the demographic. They also work in an unstable industry (see CSK's immediate post above) where comapnies can come and go in a matter of months so they are less likely to get into big financial commitments like marying and having kids (or they will have smaller families) and buying a home that will be hard to rent out. I work near the WTC so I can see the large growth in singles and young families moving to BPC and the lofts. Same goes for Brooklyn. If they're moving there, they are not going to LI.
So according to you NYC will become an urban wasteland like Detroit because all the traditional businesses there will certainly move away over the next 30 years. And LI will be even worse because young hip millenials all will abandon the suburbs for apartments in park slope. Guess what? Trends change. The burbs aren't going anywhere. Now let's all quick pack up and move to Richmond and Charlotte before NYC looks like the set of 'I am legend'. Forrest hills daddy can lead the charge.
You misunderstand my post. On the contrary, I think NYC will continue to grow and develop. Just not in the way that favors LI. I don't think NYC will become an urban wasteland. I agree trends can change but it takes generations. Now you are seeing the young either not getting married or if they do, deciding to stay in the city. You are seeing NYC leaders doing everything to keep them there as they go through life's milestones. It will take decades for the next shift in trends to happen and even then there's not guarantee it will favor LI.
so according to you nyc will become an urban wasteland like detroit because all the traditional businesses there will certainly move away over the next 30 years. And li will be even worse because young hip millenials all will abandon the suburbs for apartments in park slope. Guess what? Trends change. The burbs aren't going anywhere. Now let's all quick pack up and move to richmond and charlotte before nyc looks like the set of 'i am legend'. Forrest hills daddy can lead the charge.
You misunderstand my post. On the contrary, I think NYC will continue to grow and develop.
Just not in the way that favors LI. I don't think NYC will become an urban wasteland. I agree trends can change but it takes generations. Now you are seeing the young either not getting married or if they do, deciding to stay in the city. You are seeing NYC leaders doing everything to keep them there as they go through life's milestones. It will take decades for the next shift in trends to happen and even then there's not guarantee it will favor LI.
Favor LI in what way? You need to communicate your points more clearly.
That's where you'll need to use your analytical and forward thinking skills to interpret the numbers. People working in the FI district startups are mostly young and single. They fit the demographic. They also work in an unstable industry (see CSK's immediate post above) where comapnies can come and go in a matter of months so they are less likely to get into big financial commitments like marying and having kids (or they will have smaller families) and buying a home that will be hard to rent out. I work near the WTC so I can see the large growth in singles and young families moving to BPC and the lofts. Same goes for Brooklyn. If they're moving there, they are not going to LI.
But my neighbor is young, single and works for a startup in manhattan. Sorry, sounds like more sweeping generalizations based on assumptions used to prop up your premise. If its and buts were candy and nuts FHD....
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