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•PlaNYC 2030, a greener, greater NYC for our future population expansion.
•Vision 2020, the 10 year waterfront plan (NYC has 520 miles of waterfront, more then Seattle, SF, Chicago, and Portland combined).
•Hudson Yards, a major redevelopment project which will greatly expand the Midtown CBD to the western waterfront.
•East Side Access, the Second Ave Subway, the 7 Train extension and even bike share+bike lanes and ferry expansion will further expand NYC's transportation options, spur development and reduce auto dependency.
Last edited by nykiddo718718; 02-22-2013 at 08:50 PM..
I think we are witnessing (have witnessed) the beginning of the Golden Era of New York City.
The most famous city in the modern world. It is the undisputed world capital. Center of the universe.
The real estate market is scorching hot. Uber-luxury billionaire abodes like 432 Park Avenue, 225 West 57th Street, and One57 are sprouting up all across the most famous island in the world. A brand new business district is forming in the Hudson Yards. The World Trade Center is preparing to establish Lower Manhattan as the USA's number two business hub. The tech sector is now the second most important in the world behind Silicon Valley.
The world's rich want to live here. Celebrities want to live here. The Chinese are invading. Australians are purchasing record penthouses in Queens.
Harlem is gentrifying. The Bronx is next. Long Island City and Brooklyn are seeing Manhattan style rents.
Folks, we must revel in our glory right now. It may not last forever. God bless this city!
We should rename Hudson Boulevard, Bloomberg Boulevard!
We were ranked 10th most miserable city in America.......
Business district at Hudson yards??? LMAO! WHAT 1st tier or even 2nd tier business is moving to Hudson Yards?
Before you start having a wet dream, you need to LEARN how this city operates, on the underneath, not simply on the surface!
****
NYC is not dependant upon any of the crap you cited! What really is important is:
First and foremost, the financial health of City Government, and its capabilty to control crime AND to deliver services!!!
One misstep in that regard, and the City can easily suffers a great reversal.
For example, the schools of this city are still ****! Without a decent school system, the future middle class, those who can't afford private school, and can't afford the few neighborhoods with good schools, will HAVE to depart. It is the past repeated.
All these Transplants runing about the city on some urban high, will eventually mature, marry, have children, and like parents thru history, seek the best possible for their children; and, that begins with SAFETY and ends with EDUCATION! Can and will NYC deliver in the immediate future? A city cannot be sustained on the backs of just out of college kids in their twenties...eventually their 'guarantors' will retire and die off....
Homelessness is on the increase, after years of decline. Despite recession, rents are on the rise, while housing prices, overall, remain stable.
Virtually ALL of the City's government unions will soon be looking for new contracts and with Bloomberg out of office, they will also, seek to win back concessions and compromises given during the Guiliani/Bloomberg era.
With Obamacare, healthcare costs for both the State and the City, may reach unmanageble levels. Where the money will come from, is as yet undetermined.
The present schools Chancelor will likely leave along with Bloomberg. The Police Commisioner will likely also leave, as will a host of COMPETENT underlings, who actually run the city, brought in by both Guiiliani and Bloomberg.
If not for the incredibly prudent manuerverings by Mayor Bloomberg, this city w/b in a horrible financial state, as is EVERY big city in the country. Unfortunately, the people of this city show no knowledge, nor appreciation of this fact and/or Mayor Bloomberg's role and leadership, in bringing this good fortune about.
The idiots whine about their present state, while having no comprehension of what life w/b like if the city were BANKRUPT!!
Both Guiliani and Bloomberg were capable of standing up to the city council, city unions, and the State, because they were politically INDEPENDANT!! Not beholden to the Democratic Machine and machine politics, patronage, corruption, nor were they in need of the Machines's union political apparatus and MONEY! Without which, no Democrat in the City and State can get elected.
The next Mayor will NOT have such political independance, and w/b wholly dependant to the machine and the Unions.
Not one of the myriad Democratic candidates have ANY business competency whatsoever!
Virtually all owe their careers to the Democratic machine. After TWO decades of being on the outs, the MACHINE will be back in power. Ready to rape and pillage the city's coifer, as before.....
If the recession continues, if the financial center continues to diversify, and old school politics returns, NYC's future does not bode well. It is highly possible that a modern version of the 70s will manifest itself, again.
History always repeats, just with a slight, but significant twist.
If it were possible I w/b hedging against NYC, buying long term Puts, while they are cheap!
Golden Era indeed.
People buying hokey-pokey overpriced apartments are NOT the equivalent of the mansion building of the Fricks, Morgans, Whitneys, Vanderbilts, Carnegies, Kahns, Warburgs, Sinclairs, Dukes, Levi-Strausses, and their ilk during the REAL Golden Age.
The term gets befouled in the same way that anything with 4 walls and an elevator is called LUXURY.
Last edited by Kefir King; 02-23-2013 at 05:53 AM..
We were ranked 10th most miserable city in America.......
Any "most miserable city" list which misses Philadelphia (where the residents are so down on the city that the local news station has a promotion called "positively Philadelphia" to give pep talks) and Baltimore (a great place for E.A.Poe to write) is a bit off.
•PlaNYC 2030, a greener, greater NYC for our future population expansion.
•Vision 2020, the 10 year waterfront plan (NYC has 520 miles of waterfront, more then Seattle, SF, Chicago, and Portland combined).
•Hudson Yards, a major redevelopment project which will greatly expand the Midtown CBD to the western waterfront.
•East Side Access, the Second Ave Subway, the 7 Train extension and even bike share+bike lanes and ferry expansion will further expand NYC's transportation options, spur development and reduce auto dependency.
Business district at Hudson yards??? LMAO! WHAT 1st tier or even 2nd tier business is moving to Hudson Yards?
Coach is moving their world HQs there. L'Oreal is moving their U.S. HQs there. SAP is moving there. There has been speculation that Time Warner, Credit Suisse, Citigroup, and a slew of others may move to the North Tower. Ross wants to build a 21st century Trevi Fountain. A new park and boulevard is being constructed. You have no idea what you're talking about. The "West Side" of Manhattan, will have several 1,000 foot towers and is essentially going to dwarf Midtown.
If not for the incredibly prudent manuerverings by Mayor Bloomberg, this city w/b in a horrible financial state, as is EVERY big city in the country. Unfortunately, the people of this city show no knowledge, nor appreciation of this fact and/or Mayor Bloomberg's role and leadership, in bringing this good fortune about.
I love Bloomberg. He is a great mayor. What maneuverings are you talking about? I am curious.
Business district at Hudson yards??? LMAO! WHAT 1st tier or even 2nd tier business is moving to Hudson Yards?
Before you start having a wet dream, you need to LEARN how this city operates, on the underneath, not simply on the surface!
****
NYC is not dependant upon any of the crap you cited! What really is important is:
First and foremost, the financial health of City Government, and its capabilty to control crime AND to deliver services!!!
One misstep in that regard, and the City can easily suffers a great reversal.
For example, the schools of this city are still ****! Without a decent school system, the future middle class, those who can't afford private school, and can't afford the few neighborhoods with good schools, will HAVE to depart. It is the past repeated.
All these Transplants runing about the city on some urban high, will eventually mature, marry, have children, and like parents thru history, seek the best possible for their children; and, that begins with SAFETY and ends with EDUCATION! Can and will NYC deliver in the immediate future? A city cannot be sustained on the backs of just out of college kids in their twenties...eventually their 'guarantors' will retire and die off....
Homelessness is on the increase, after years of decline. Despite recession, rents are on the rise, while housing prices, overall, remain stable.
Virtually ALL of the City's government unions will soon be looking for new contracts and with Bloomberg out of office, they will also, seek to win back concessions and compromises given during the Guiliani/Bloomberg era.
With Obamacare, healthcare costs for both the State and the City, may reach unmanageble levels. Where the money will come from, is as yet undetermined.
The present schools Chancelor will likely leave along with Bloomberg. The Police Commisioner will likely also leave, as will a host of COMPETENT underlings, who actually run the city, brought in by both Guiiliani and Bloomberg.
If not for the incredibly prudent manuerverings by Mayor Bloomberg, this city w/b in a horrible financial state, as is EVERY big city in the country. Unfortunately, the people of this city show no knowledge, nor appreciation of this fact and/or Mayor Bloomberg's role and leadership, in bringing this good fortune about.
The idiots whine about their present state, while having no comprehension of what life w/b like if the city were BANKRUPT!!
Both Guiliani and Bloomberg were capable of standing up to the city council, city unions, and the State, because they were politically INDEPENDANT!! Not beholden to the Democratic Machine and machine politics, patronage, corruption, nor were they in need of the Machines's union political apparatus and MONEY! Without which, no Democrat in the City and State can get elected.
The next Mayor will NOT have such political independance, and w/b wholly dependant to the machine and the Unions.
Not one of the myriad Democratic candidates have ANY business competency whatsoever!
Virtually all owe their careers to the Democratic machine. After TWO decades of being on the outs, the MACHINE will be back in power. Ready to rape and pillage the city's coifer, as before.....
If the recession continues, if the financial center continues to diversify, and old school politics returns, NYC's future does not bode well. It is highly possible that a modern version of the 70s will manifest itself, again.
History always repeats, just with a slight, but significant twist.
If it were possible I w/b hedging against NYC, buying long term Puts, while they are cheap!
Unfortunately, I find myself in agreement here.
Except that we do not have crystal balls. Perhaps this is not inevitable.
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