Anybody From NY City?

[BerettaGuy]

How bad is it in the city?
I am seeing Vlogs where businesses are boarded up and leaving.
Vacancy it at an all-time high? Crime up and the cops being defunded.
What about the Jewish Voters. My guess is they will still vote straight Democrat no matter what.

Are any of the assholes like Nadler or AOC being opposed in the elections.
I was there in the mid-'80s when the cops walked three abreast down 42nd Street and I'm hearing it is sliding back to those days.

 

[Saltwater60]

I’ve heard all the same as you. Record number of people fleeing, record vacancies, movers can’t keep up, Cuomo’s begging them to come back and there are many articles detailing this and the violence.

 

[holdover]

Study Reveals Nearly 1.5 Million New Yorkers Unable To Pay Rent, Risk Eviction


Eviction cases have been delayed due to the COVID-19 pandemic, but the Housing Court will begin hearing new cases starting on Aug. 20. Nearly 1.5 million New Yorkers are in danger, according to the firm Stout Risius Ross LLC.

That number approached the 2.3 million households-per-year average for the entire nation, according to the Eviction Lab. Across the country, there are nearly 17 million households at risk of eviction, according to Stout.

“This data shows us that all the terms people have been using to describe what’s coming — ‘cliff,’ ‘tsunami,’ ‘avalanche’ and so on — might actually be an understatement,” said John Pollock, coordinator of the National Coalition for a Civil Right to Counsel. “The only reason we haven’t already seen two million eviction filings is because of all the CARES Act relief that at this point is either going or gone.”

Nearly 1.5 million New Yorkers at risk for eviction when trials begin next month

Eviction cases have been delayed due to the COVID-19 pandemic, but the Housing Court will begin hearing new cases starting on Aug. 20. Nearly 1.5 million New Yorkers are in danger, according to the firm Stout Risius Ross LLC. That number approached the 2.3 million households-per-year average for...

brooklyneagle.com

Study Reveals Nearly 1.5 Million New Yorkers Unable To Pay Rent, Risk Eviction

Average asking rents along 16 major retail corridors in Manhattan declined for the eleventh consecutive quarter, falling to $688 per square foot in the second quarter, according to CBRE.

Retail rents plummet across New York City, as America's glitzy shopping districts turn into ghost towns

New York City retail rent dropped below $700 for the first time since 2011. These plummeting prices should serve as a warning for other glitzy shopping districts.

www.cnbc.com

 

[Acer-m14]

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

 

[Xae289]

I wrote a long post, but there's no point. The city is fucked both in the private sector and the public sector. The working class that relied on Manhattan economically are fucked. Real estate is fucked. Most people will not consider voting against the Democrats, but we'll see in November if I'm wrong about that.

The city's hope is that enough people value it to help it bounce back, but they'll still have massive budget and economic problems going forward. The city's worst nightmare is that people wake up to how much it sucks and stay gone.

 

[C3D]

From a friend who manages 600 apartments in Brooklyn and Queens:

25% of tenants not paying rent now are truly in dire circumstances owing to COVID. The other 75% are scammers taking advantage of the situation.

 

[Marine Cpl]

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

 

[Criticalt]

We have friends who own several "upper class" walk ups...or brown stones....or some fancy skinny row houses with steps in front.
They own 6 of them in Manhattan.
The homes havecalways been lived in at top dollar.
Recently, 2 are empty and they cannot fill them at HALF the rent.....$3,500.
Two more have had their rent reduced.
The other 2 are fine at full rent.
Our friends can afford it but are planning on selling ALL six plus theirs ASAP. If they try to sell now, they will lose $1.5 million they say.

 

[Drinkthekoolaid]

We have friends who own several "upper class" walk ups...or brown stones....or some fancy skinny row houses with steps in front.
They own 6 of them in Manhattan.
The homes havecalways been lived in at top dollar.
Recently, 2 are empty and they cannot fill them at HALF the rent.....$3,500.
Two more have had their rent reduced.
The other 2 are fine at full rent.
Our friends can afford it but are planning on selling ALL six plus theirs ASAP. If they try to sell now, they will lose $1.5 million they say.

I'm trying to put in perspective what the decision making must be like trying to decide if taking a 1.5 mil loss now to get out is the better decision as opposed to waiting when it might be worse.

To put that in perspective if people are really going through that the city is so fucked. (And we all know if the city sinks FUAC will make sure it takes the rest of the state with it like an anchor.

 

[Airborneguy]

It's getting so bad that I am seriously considering moving to NJ soon unless I get super lucky and my ex moves to central Jersey first, which will allow me to move just over the border in PA.

I don't care how bad the city or Jersey are, I'm not moving more than 45 min from my kids.

The worst part is that Covid put the final nail in the coffin of trying to deny that the city is oppressive. There's no longer any argument against it. We're serfs here. If you don't want to be a serf, you have to leave. Period.

 

[Saltwater60]

We have friends who own several "upper class" walk ups...or brown stones....or some fancy skinny row houses with steps in front.
They own 6 of them in Manhattan.
The homes havecalways been lived in at top dollar.
Recently, 2 are empty and they cannot fill them at HALF the rent.....$3,500.
Two more have had their rent reduced.
The other 2 are fine at full rent.
Our friends can afford it but are planning on selling ALL six plus theirs ASAP. If they try to sell now, they will lose $1.5 million they say.

I’d say sell. I don’t think the city is coming back honestly. Also will they lose 1.5 million or will they sell for 1.5 million less than they would have 8 months ago? There’s a big difference. Either way it sucks for sure.
Here’s my thoughts most people only lived in NYC because they had to because of their job and commute. Now with remote working they aren’t coming back to NYC to live.

 

[Jchrisls]

I’d say sell. I don’t think the city is coming back honestly. Also will they lose 1.5 million or will they sell for 1.5 million less than they would have 8 months ago? There’s a big difference. Either way it sucks for sure.
Here’s my thoughts most people only lived in NYC because they had to because of their job and commute. Now with remote working they aren’t coming back to NYC to live.

I agree about remote working. The truly deadly scenario isn't that employees realize they can remotely work, as I assume most were well aware they could be capable of it, I was just policy of thier employer that forced them into an office. Its now that companies realize that people can work equally well if not being more productive ( first hand evidence well known here, Mrs. LS now works exclusively from our home office and has since March). Once employers see that the amount of expensive office space is unnecessary and the potential bottom line savings comes into play is where the real tsunami hits. Follow the money, it's all business, and they have realized they may be more profitable without status symbol address.

 

[DrBleachCocktail]

NYC
- Crime is going up. (No Surprise there)
- People can’t pay rent
- Daily protest
- Mob rule
- Those in self defense get arrested
- Looting
- Burning businesses
- Huge increase in homeless
Who in their right mind with enough oxygen in their brain would want to move to the city? Cuomo and DeBlasio are trying to bring the rich back and their selling argument is that “It’s NY, we always bounce back.” The land is too expensive. The risk is too high and reward is too low. I want to see NY turn RED!!

 

[Mr. terzmo]

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

Understand the sentiment...the downside is all in NY State will pay for this...just like insurance rates going up for a disaster not in one's zipcode.

 

[Jchrisls]

NYC
- Crime is going up. (No Surprise there)
- People can’t pay rent
- Daily protest
- Mob rule
- Those in self defense get arrested
- Looting
- Burning businesses
- Huge increase in homeless
Who in their right mind with enough oxygen in their brain would want to move to the city? Cuomo and DeBlasio are trying to bring the rich back and their selling argument is that “It’s NY, we always bounce back.” The land is too expensive. The risk is too high and reward is too low. I want to see NY turn RED!!

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.

 

[DrBleachCocktail]

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.

Twice lmao good comment. Some people will vote blue no matter what. Despite COVID and all the government tyranny that’s going on. I think there’s a chance NY could go red, NYC maybe not.

 

[stokes]

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.

 

[DrBleachCocktail]

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.

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

 

[holdover]

Once employers see that the amount of expensive office space is unnecessary and the potential bottom line savings comes into play is where the real tsunami hits. Follow the money, it's all business, and they have realized they may be more profitable without status symbol address.

Excellent point!

 

[Drinkthekoolaid]

Understand the sentiment...the downside is all in NY State will pay for this...just like insurance rates going up for a disaster not in one's zipcode.

Like I said when nyc fails it will bring the state down like an anchor.

 

[BDinPutnam]

From a friend who manages 600 apartments in Brooklyn and Queens:

25% of tenants not paying rent now are truly in dire circumstances owing to COVID. The other 75% are scammers taking advantage of the situation.

If you extrapolate this to the whole city- 25% of 8 million people is 2 million people.

Just saying.

 

[holdover]

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.

 

[holdover]

If you extrapolate this to the whole city- 25% of 8 million people is 2 million people.

Just saying.

Yeah, but to be fair, you cant do that, every section is going to be different.

 

[holdover]

Like I said when nyc fails it will bring the state down like an anchor.

The state is going to be forced to draw off taxes it does have , to compensate for the losses . taxes will be raised across the board next year. They have to . which is going to chase more business and people out. Some will follow their company's to new states.

 

[technicalgadget]

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.

 

[holdover]

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.

 

[holdover]

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

Leadership. We need to get people in office that understand economics and free markets. That means you dont use a credit card to live like a king , or tax people into working for the government.

 

[holdover]

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.

probably wont be that long, but it may be at least ten years to undo all this nonsense.

 

[tirwin1]

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

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.

 

[DrBleachCocktail]

Forcefully prosecute rioters and those who break the law. Elect someone like Guliani as mayor or even bring him back.

You can’t prosecute those who break the laws because once you do that, the Democratic Party falls. But everything else I 10000% agree with you it’s pretty much common sense that crime and mob rule doesn’t work well. Hopefully all the big business stay working from home after the pandemic cools and everything goes back to normal. I kind of want to see NYC fail and watch what Cuomo and DeBlasio have to say (probably blame others or trump) but we need strong leadership. NY been blue for too long how about we try something different. Politicians needs to be held accountable.