Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
The Internet has pretty much negated the need to go to any type of store
It is entirely possible to sit at home and order what you need for the day or week
So commercial real estate was already going there
Right but then came work from home for that extra kick in the pants.
NYC lost 10 Billionaires in the past 4 years out of the 136 the city had...not even a 10% loss. Not good, but not huge either.
However, if this trend continues, the lost tax revenues could cause more than the 5% cuts Adams just implemented, due to migrant costs.
Costs are exploding due to migrants, & income is falling due to Billionaires & others leaving, & tourism still hasn't rebounded to pre-pandemic levels.
NYC's domestic migration outflows pinch the tax base, & work-from-home is hurting local businesses.
NYC's financial status is being squeezed from multiple angles.
The Feds should throw a Billion or Two in NYC's direction imho. When Adams asked the feds for help, they investigated him...what the heck...how does that help anything?
NYC lost 10 Billionaires in the past 4 years out of the 136 the city had...not even a 10% loss. Not good, but not huge either.
However, if this trend continues, the lost tax revenues could cause more than the 5% cuts Adams just implemented, due to migrant costs.
Costs are exploding due to migrants, & income is falling due to Billionaires & others leaving, & tourism still hasn't rebounded to pre-pandemic levels.
NYC's domestic migration outflows pinch the tax base, & work-from-home is hurting local businesses.
NYC's financial status is being squeezed from multiple angles.
The Feds should throw a Billion or Two in NYC's direction imho. When Adams asked the feds for help, they investigated him...what the heck...how does that help anything?
15% of total NYC hotels are used by undocumented migrants and the city is still below 2019 tourists number it is 87% of 2019.
The Internet has pretty much negated the need to go to any type of store
It is entirely possible to sit at home and order what you need for the day or week
So commercial real estate was already going there
Covid started it in regards to commercial real estate with the work from home with the zoom meetings. Corporate greed saw their chance to pounce and cut office space to raise profits. the higher educated tend to get to work from home when the lower wage jobs are forced to appear in person. Some Corporations started forcing employees back half the time and were met with resistance. Similar to the nyc teachers and their ventilation issues.
People want to hate Wall Street but the devastation if the tax Revenue leaves
“ Fiscal watchdogs in recent days have raised concerns with a decline in the state's main driver for revenue, the personal income tax, dropping due in part to a decline in bonuses in the financial sector on Wall Street. ”
“ We're in motion already, ready to make good on these promises," Carranza said. "We have purchased over 10,000 portable air filters for nurses offices, isolation rooms, and any rooms that these inspections reveal need additional circulation. And I repeat, inspections find that entire school, or particular rooms, do not have adequate ventilation, and we will not allow anyone to use those spaces, until they are made safe."
What’s your opinion on that.
Last edited by 94nasupra; 11-18-2023 at 08:57 PM..
Covid started it in regards to commercial real estate with the work from home with the zoom meetings. Corporate greed saw their chance to pounce and cut office space to raise profits. the higher educated tend to get to work from home when the lower wage jobs are forced to appear in person. Some Corporations started forcing employees back half the time and were met with resistance. Similar to the nyc teachers and their ventilation issues.
People want to hate Wall Street but the devastation if the tax Revenue leaves
“ Fiscal watchdogs in recent days have raised concerns with a decline in the state's main driver for revenue, the personal income tax, dropping due in part to a decline in bonuses in the financial sector on Wall Street. ”
“ We're in motion already, ready to make good on these promises," Carranza said. "We have purchased over 10,000 portable air filters for nurses offices, isolation rooms, and any rooms that these inspections reveal need additional circulation. And I repeat, inspections find that entire school, or particular rooms, do not have adequate ventilation, and we will not allow anyone to use those spaces, until they are made safe."
What’s your opinion on that.
I think everything that happened was gonna happen one way or another
__________________
"The man who sleeps on the floor, can never fall out of bed." -Martin Lawrence
I think everything that happened was gonna happen one way or another
Interesting. You could have made a lot of money betting on that in the market. Zoom was up 1300 percent at one point from the start to the height of the pandemic. Or even 90 percent with Amazon with everyone sitting at home ordering things to their house with their shipping
Interesting. You could have made a lot of money betting on that in the market. Zoom was up 1300 percent at one point from the start to the height of the pandemic. Or even 90 percent with Amazon with everyone sitting at home ordering things to their house with their shipping
I made a little pocket change off of AMC I won't lie
Predicted that ppl would be hype to get back into movie theaters again
I dont gamble but I would've been a fool
I liquidated all my stock though, I don't believe in it anymore
__________________
"The man who sleeps on the floor, can never fall out of bed." -Martin Lawrence
Last edited by SeventhFloor; 11-18-2023 at 10:11 PM..
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
