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The Corner

eric cartman

Joined: 1/16/02 Posts: 4645
Likes: 2157

My thoughts...or so I've been told...(double meaning, yep)

The mayor sucks - don't react to his headlines. No one likes him. He's lost the city, and it'll have to be the next guy....yada yada.

More, and way more importantly, it's 8 million people. Some own, some rent, but everyone is there, for the most part, to make money. Bear with me.

If the city rebounds, money is made, and tax hauls from all industries are good. If not, the tax "base" will fall on the people. Once the higher taxes pop in, the "cost" of living there makes no sense, so you'd have Manhattan/Brooklyn flight....and not just the "wealthy" who all will think already left. It'll be the salaried class no longer renting a 2BR in the E Vil for 3K. (local tawk)

The monied class didn't leave....yet. They just started their summer flight earlier. They're all 2 hrs out, trying to paying non NY taxes, keeping their places up, going back and forth for supplies, nannies, etc. Really.

Hudson Valley, CT real estate, in terms of sales/rate of sale/etc is way up; liveable houses snatched up in days. What "we" don't know is WHEN NYC gets normal. So ar realizing houses in CT are "relatively" cheap.... some have throw in the towel, but some with money bought as a hedge! Worse case is you then rent in city, can break a lease, and own a weekend house. Also have the hedge of putting your kids in a non Manhattan school aka less money, less possible commute/exposure/etc and a higher prob of opening "in the fall"....follow? It's weird, but it's happening.

However - First, people are back on the subway. Second, "phase 3" which is "reopening" for germs has been delayed...but progress has been good. Third, deaths are WAAAAAY down, as in single digits in city. Remarkable. Truly....

So, the unforeseen is just that. Don't listen to the mayor - he's a jackass. We'll see what happens, but until NY knows what it's like to get all the commuting worker bees back in the's functioning, it's taking Covid very seriously, and it'll live - it usually does.

We'll see those....prognosticators have no real idea. The tax base (corporate and living) is the scary part...which will take a while to sort. Are people selling apt's now for the long term fear of what the city MIGHT become?

They are starting to. That'll be a big clue...but it's not going to be a South Park episode with the cops and knee jerk reactions off anything DeLosio says. People with the ability to wait are doing that. It's a very different place on many fronts.

I'll leave you with this - 5 deaths the other day, and a 1% confirm rate....we'll see!

(In response to this post by WahooFla)

Posted: 06/30/2020 at 5:11PM


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Current Thread:
So is everyone still living in NYC about to exit? -- WahooFla 06/30/2020 4:24PM
  NYC rents have fallen 25% in the pandemic ** -- 07/01/2020 11:00AM
  So will NYPD hats from Sept. 11 become antiques? ** -- aficionadHOO 06/30/2020 7:54PM
  Agreed. I certainly would not live there. -- Wahoos79 06/30/2020 6:06PM
  It will probably end up similar to Baltimore -- VignetteHoo 06/30/2020 5:33PM
  They aren't really cutting $1B...yet -- hoomonger 06/30/2020 5:20PM
  Bernie owns 3 houses, what's your point. ** -- phoo 07/01/2020 11:55AM
  They don't vote in the mayoral elections... -- WahooFla 07/01/2020 11:29AM
  Those people are OK to leave ;0) ** -- SoCalWahoo 06/30/2020 5:35PM
  That damage is temporary -- Faz d. Hoo 06/30/2020 5:15PM
  Kind of a cold attitude ,IMO. -- Birddog 06/30/2020 7:00PM
  🤷‍♂️ ** -- Birddog 06/30/2020 7:07PM
  NYC is a brutal place. -- Faz d. Hoo 06/30/2020 8:35PM
  Come on, Faz, don't blow this off. ** -- 06/30/2020 6:36PM
  Yeah, "bail reform" is a totally ridiculous policy. -- WahooFla 06/30/2020 4:53PM
  Been there and many other amazing places in NY -- GtownHoo 06/30/2020 5:13PM
  Took 3 trips to Manhattan in my late 20's(Late 80s) -- jdubforwahoowa 06/30/2020 4:46PM
  It will be interesting, see what happens ** -- Birddog 06/30/2020 4:36PM
  That is my concern. -- Birddog 06/30/2020 4:38PM
  I think "every major city" is a bit of a reach... -- WahooFla 06/30/2020 4:41PM
  Get my like in before this hits the cutter. ** -- manassashoo 06/30/2020 4:46PM
  Same. ** -- CDCHoo 06/30/2020 5:10PM
  We're going beyond Thunderdome, baby ** -- CAVern 06/30/2020 4:39PM
  We do need another Hero, however. -- jdubforwahoowa 06/30/2020 4:44PM
  What about Biden?????? ** -- 06/30/2020 6:38PM
  Did you ever know you're my zeroooooo?! -- jdubforwahoowa 07/01/2020 09:17AM

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