Anybody From NY City?

[Xae289]

The riots have'nt even begun yet. Between the cost of living and doing business, excessive taxes, and the safety issues which will arise by Nov. the flight from New York is going to nose dive. Taxes will have to be increased next year and services and jobs will have to be cut to make up for the losses which will lead to even more flight from the communist shithole. By this time next year I wouldn't be surprised to see the population shrink from 8 million to 6-7 million or even less. I cant imagine what that city would look like when the wealthy leave.

To imagine what it would look like, think NYC in the 60s-70s.

I do think the city will recover. I don't think it will be quick (years, maybe decades), and the longer the lockdown lasts, the longer the recovery will take. Investment in it would be a good idea, I think, as long as you can tolerate the stench and will make enough money to cover the taxes until you can realize the investment.

 

[Mr. terzmo]

I’m going to look to actively purchase something in the city as an investment property after all the evictions occur. Real estate will eventually come back, if it takes 50 years, so be it. At least my kids may get to appreciate it for either it’s value or a city getaway.

You must have DEEP pockets as real estate is extremely expensive in NY $hitty. Best of luck and I understand the thinking. When Real Estate took a crap in Fla years ago..My insurance agent bought a 60k condo...sold it for profit..bought another one...sold for profit...etc..wound up making a bundle.

 

[Airborneguy]

I’m going to look to actively purchase something in the city as an investment property after all the evictions occur. Real estate will eventually come back, if it takes 50 years, so be it. At least my kids may get to appreciate it for either it’s value or a city getaway.

You better go commercial. Look at what NYC renter protection laws entail. You aren't buying a place for your kids. It's effectively owned by your renters who don't even really have to pay you.

 

[GOPerfect]

I do not live in that shit hole. I do read though, about how bad it is and how worse it is going to get.

This is happening all around the Country. Huge city's, large city's, medium and small. Life is changing so quick before our eyes, we are missing these changes.

 

[Mr. terzmo]

I had 11 units years ago and kept My properties up to code. First few years things went well and I up graded the properties. Then it all went down hill and one of My best days was when I sold/closed on the last one. I could go on for Hours about the horror stories and would NEVER get into a residential property deal.

 

[Marine Cpl]

I do not live in that shit hole. I do read though, about how bad it is and how worse it is going to get.

This is happening all around the Country. Huge city's, large city's, medium and small. Life is changing so quick before our eyes, we are missing these changes.

The main problem however is that those that live in congested shit holes are leaving and moving to the suburbs and rural areas. They then bring their garbage with them in both the literal sense and their ideological sense.

A black coworker of mine just bought a house in the next town over an hour and a half from the city. He was excited to leave the city. He told me that it is like night and day. The supermarkets are clean. The streets are clean. Nobody bothers him. Ect. We got to talking about voting and COVID and how now he won’t have to wait for a long time in line to vote. I asked him if he was going to vote Republican for our local politicians who are currently in office. His response was no that we need a change. I told him that the fruits he now enjoys are due to the republicans currently in office. That changing it will turn this place into the exact place you just escaped from. I walked away from him then in disgust and said you democrats are like locusts.

 

[Vapor]

We all wish NYC would go red, for the benefit of the entire state nonetheless. The likelihood of it ever happening? Let's just say the odds are better for you to be mauled by a regular bear and then a polar bear on the same day.

Twice.

What if you work at a zoo ,and you're really stupid.

 

[Jchrisls]

What if you work at a zoo ,and you're really stupid.

Lol, odds increase surely.

Using a zoo as an analogy to NYC?
Priceless

 

[Jchrisls]

I had 11 units years ago and kept My properties up to code. First few years things went well and I up graded the properties. Then it all went down hill and one of My best days was when I sold/closed on the last one. I could go on for Hours about the horror stories and would NEVER get into a residential property deal.

Hours of information isn't asked, but to better understand the pitfalls, it would be appreciated if you would share some details of your worst encounters as a landlord in NYC.

 

[tirwin1]

The main problem however is that those that live in congested shit holes are leaving and moving to the suburbs and rural areas. They then bring their garbage with them in both the literal sense and their ideological sense.

A black coworker of mine just bought a house in the next town over an hour and a half from the city. He was excited to leave the city. He told me that it is like night and day. The supermarkets are clean. The streets are clean. Nobody bothers him. Ect. We got to talking about voting and COVID and how now he won’t have to wait for a long time in line to vote. I asked him if he was going to vote Republican for our local politicians who are currently in office. His response was no that we need a change. I told him that the fruits he now enjoys are due to the republicans currently in office. That changing it will turn this place into the exact place you just escaped from. I walked away from him then in disgust and said you democrats are like locusts.

It's been said that liberalism is a mental disease and people like that show just how accurate that phrase is.

 

[BerettaGuy]

Yeah.NYC is fucked,no doubt.I get all the "let it rot" sentiment, I lived there for 60 yrs.But what you gotta remember is that NYC supplies 70-80% of the entire states annual budget.When the city crashes,the whole state will.

The State is just a matter of time until it goes belly up.

 

[BerettaGuy]

Look around you where ever you are. Everything you see around you came on a truck. Everything that NY City needs to exist comes on a truck. Once the trucks stop, the zombie apocalypse will be the next step.

 

[Mr. terzmo]

Hours of information isn't asked, but to better understand the pitfalls, it would be appreciated if you would share some details of your worst encounters as a landlord in NYC.

Did I say NY City ? IF you noticed My avatar has Pendleton NY. About as far away from NY City as one can get in the State and that is excellent for Me. Now...My properties were in the City of Buffalo. That's about 20 miles southwest of Pendleton. I was in a group of investors who ranged from less expensive to very expensive properties of all types. The bottom line with most was it only affected a pocketbook more on expensive vs less expensive when the Tennants screwed them up or skipped. I can only imagine it is the same in NY City. Not enough space to relay experiences and I don't care to as it just brings back bad memories that the bad outweigh the good. NOW, if that is a plan you care to go to..buying NY CITY property, then do what you want to do. It has no affect on me. Good luck. Oh....one piece of advice...buy an insurance umbrella policy of 6 zero's or more. It helps.

 

[Jchrisls]

Did I say NY City ? IF you noticed My avatar has Pendleton NY. About as far away from NY City as one can get in the State and that is excellent for Me. Now...My properties were in the City of Buffalo. That's about 20 miles southwest of Pendleton. I was in a group of investors who ranged from less expensive to very expensive properties of all types. The bottom line with most was it only affected a pocketbook more on expensive vs less expensive when the Tennants screwed them up or skipped. I can only imagine it is the same in NY City. Not enough space to relay experiences and I don't care to as it just brings back bad memories that the bad outweigh the good. NOW, if that is a plan you care to go to..buying NY CITY property, then do what you want to do. It has no affect on me. Good luck. Oh....one piece of advice...buy an insurance umbrella policy of 6 zero's or more. It helps.

Thanks for the information. I apologize for not looking at your location. I was originally from Buffalo myself. I also apologize if it brought back unfavorable memories. I assumed NYC based solely on the thread.

 

[Saltwater60]

What do you think is the best option to help NY recover?

Good bye Cuomo and the rest of his liberal plans, reduce taxes and spending. Also global warming so there’s less snow.

 

[libertysnake]

seen a group from NYC paint FUAC and FUDB on the street and they fixed(coverd) that faster then a pothole LOL ..

Not a bad idea. Anywhere you see a pothole just write "FUAC" and they'll fix it and paint over it.

 

[libertysnake]

Good. Let it be fucked. The only downside is that surrounding counties that normally vote red will turn purple since they are moving.

Really depends on where they're moving. If they don't outpopulate the red votes, their votes will be wasted -- much like our votes have been wasted due to NYC being such a stronghold in the past.

This might bite them in the ass. Only time will tell.

 

[Blimey]

I was considering buying some nice rental property to help with my retirement. but if the communists say you dont have to pay rent again, Im fucked . Im sure there are plenty of landlords in the state who are planning on selling thier property's because they cant collect rent or evict those who dont pay.

Nobody seems to fking get this.

how can a person become a landlord now if by decree the governor can shut down their income for months on end? These eviction moratoriums are a travesty. Most landlords willl never get that money back. It’s gone.

And then have fun selling a property with a renter in it who refuses to pay and is banned from an eviction anyway. What a cluster.

 

[Blimey]

End the lockdown. Forcefully prosecute rioters and those who break the law. Elect someone like Guliani as mayor or even bring him back. Focus on real world problems and not the social spending drek championed by people like deblasio and his wife.

Since those options have a snowball's chance in hell of occurring anytime soon, the outlook is rather dire for NYC.

I am not sure if the city will ever recover. Ordinarily I would say yes - sooner or later sanity should return as the people tire of the crime and incompetent leadership. I think there are a few factors that could keep the city from ever recovering:

1) Commercial real estate depression - covid accelerated a growing trend of having white collar employees work from home. As long as productivity doesn't fall off too much the need for massive office space is going to decline sharply. To use a very overworn phrase, that is what we call a "paradigm shift."

2) The stranglehold of leftist politics - the rot of marxist based public education has finally permeated a significant portion of the electorate. Despite the obvious increase in crime & violence and the overall decline in the day to day life of the city my guess is someone like Deblasio would still beat out any republican contender. The people in NYC really and truly have drunk the kool aid. My first sense of this came right after trump was elected in 2016 - there were a number of stories about how psychiatrists in the city were doing a booming business helping their patients "deal" with the fact trump got elected. Just think about that - thousands upon thousands of grown adults needed someone to help their poor nerves deal with the results of an election. These people are lost and very few will ever pull their head out of their ass. I don't think they could ever vote for a republican even if their wife was murdered and their daughter raped in front of their own eyes - because the republicans are "evil." Anyone with any sense is probably going to move out of the city leaving only the hardcore progressives.

Therefore the city probably won't recover economically and can't improve politically. I would very much like to be proven wrong.

Yes I’m afraid the odds of the state let alone nyc going red are substantially lower than Margot Robbie reaching out to me, saying she saw my posts on nygun forum, and demands I bed her.

 

[GOPerfect]

Nobody seems to fking get this.

how can a person become a landlord now if by decree the governor can shut down their income for months on end? These eviction moratoriums are a travesty. Most landlords willl never get that money back. It’s gone.

And then have fun selling a property with a renter in it who refuses to pay and is banned from an eviction anyway. What a cluster.

Keep going....

You are on the right track. Almost there, once you finish your thoughts, where does this leave New York State?

 

[Defilade]

All of it caused by State Government not Covid per say. Numbers never justified any of this. 32,000 for a City of 9 million and still in lock down. Riots should be at the Governors mansion and politicans homes.