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Not only were these people wrong but now NYC is in one of the tightest real estate markets in her history.
Maybe this is the final straw for me when I hear economist, republicans or miserable people who live or left NY who say NY is dead “forever”.
City is literally bulletproof and can withstand anything and honestly I don’t think a situation like the 1970s will ever happen again or even get to close to those levels.
You sound like one of those people who say the economy is strong because the stock market is up. There are many factors at play here, not the least of which is the death/flight of the middle class, soaring crime, outrageous homeless problems, etc. To be fair, other cities are facing the same issues, but they all share the same sort of brainless progressive leadership. Real estate prices in Los Angeles and San Francisco are high as well, but I wouldn't want to live there either.
Real Estate is up, but it's now worse than the Wild West as only criminals are out going nuts in the streets with violence. You used to be safe in the daytime, but that's also gone now.
Things that got better:
-remote work
-more food options in my neighborhood
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