20% have left Manhattan. That's about half of what is going to leave in the next year. Rents have to go down at least 50% before the city can come back.

@dddduuuuuhhhhhhhh

3 жыл бұрын

Only way we can drop rent is to drop real estate taxes which have increased at a higher rate than rent stabilized apartments. But the government cares more about their paychecks than the lives of citizens

@zazaaziella16

3 жыл бұрын

@Keith Allen Woe, I lived at The Cherokee on East 78th. I really miss that building!

@zazaaziella16

3 жыл бұрын

@Keith Allen Yes, and They did do it. DeBlasio got them off, like we are all a bunch of racists or something. I hate DeBlasio, and his entire team.

@stephb7702

2 жыл бұрын

and mandates need to leave also...

@zpclosangelesgraffiticafe

2 жыл бұрын

@@stephb7702 yes

Left NYC after 31 years to Rural Georgia. Best move I ever made 🥃

@sct4040

3 жыл бұрын

Would your speak about the learning curve from being a NYer to living ina rural area? How is the mail system? How is the internet? Do you have a farm? Apt? House? What do people do in Georgia? Is it safe for minorities?

@sct4040

3 жыл бұрын

Being a NYer all my life, i cant imagine what's it like in a rural area.

@40daydreamer77

3 жыл бұрын

Congratulations. I hope your new location and new life suits you well. There's gotta be some serious changes.

@paulsawczyc5019

3 жыл бұрын

That's what I say - once you leave (and wise up) you will absolutely never go back.

@saihemebillings2820

3 жыл бұрын

@@sct4040 like Long Island everything is here.

Two decades of housing cost rising much faster than wages had to end somehow.

@dskyy2001

3 жыл бұрын

skyak - pressure on rents also place pressure on wages for employee retention. With lower housing cost, what would be the pressure on higher wages. Employment cannot exist if bureaucrats are permitted unilaterally close down cities and states.

NY was always a sewer. I commuted to Wall St briefly and all I could think was the Emperor has No Clothes. The place is and was horrible.

Once one moves they are gone. Not the same as going on hiatus for a few weeks to a different area. NYC is an ant hill. 900 thousand jobs gone. Question what is going to bring the people back? Business that can work remotely are. The mayor has pretty much said closed for business atleast thru November 2021. (that is when he will be voted out of office) By the time business is allowed to really open there wont be enough to do so. There will always be a big city there. NYC is not going away. Tourism is dead. Try bringing tourists into a city where crime is soaring. NOT happening. Try bringing restaurants back where the folks running and staffing them have moved on. Life is good when you dont have to live in filth. Families will move if they have kids. It is already happening. Will the rich come back ??? Some will most wont.. Shopping gone, theater gone, many of their friends gone other places. Seriously the draw of the city lacks much. Could be 10 years till the city recovers and even then not sure. I lived thru the death of New Orleans. it has been 15 years and that city never recovered

@Kevinschart

3 жыл бұрын

all the die hard new yorkers i encounter keeps saying the city will be back...sure it'll be back, but when. during the the crack era was what 25-30 years. You don't want to be in a city waiting for it to return to glory. You're better moving to a city that is thriving right now.

@dramseyno

3 жыл бұрын

We left New Orleans after Katrina, my wife a 6th generation New Orleans gal, we moved to Texas can send our kids to public school and there are real jobs here. New York is losing its financial center, if Nasdaq moves out of the area, and the big family offices start moving out, the tax dollars dry up and all the programs can't be paid for.

@ceterfo

3 жыл бұрын

I'm not sure if it was the point you were making but I don't think working remotely is going to help the situation just exacerbate it. Why would I pay $10,000 a month for an apartment the size of a double wide trailer that I can keep in good condition remodel twice a year and still end up saving money. Meetings Skype calls. Technical blueprints it is cheaper to buy AR glasses then pay for five flights on an airplane. If New York City doesn't do some massive social restructuring it's going to go the way of Detroit. And as much as I like to derive New York it would be a national dishonor for our megalopolis to be bleed dry.

@stevepailet8258

3 жыл бұрын

@@ceterfo Business that can work remotely are. I was watching another video by a NYC local guy. He was saying that the number of small businesses that are permanently shuttered even has him amazed. The numbers of bankruptcies does seem to continue to rise. The number of foreclosures on realestate also seem to be rising. How does one maintain property with no income being realized? One can buy a nice home for $1500 a month in many places across the country less a double wide that is a depreciating purchase. Generally they do not appreciate in value. Pretty much agree with you. For me the question is how to you keep politicians in place who are doing everything they can to push communistic values, and then expect a thriving city?

Taxes are so high.

@80sruler

3 жыл бұрын

That started the migration well before the virus

Don't tell Jerry Seinfeld

@astrojames

3 жыл бұрын

Enough angry people with Jerry Seinfeld wealth could turn around NYC!

It's pretty tough in NYC. $1800 monthly in Ohio can afford you a 4 bdrm/2ba house. In NYC what is that, a cardboard box? God's speed NYC.

Tracking your migration by your cellphone. Don't forget that. Even though you have 1000 uses for it know that it's intended purpose was to track you.

Funny no mention of all the homeless people housed in hotels in Manhattan

@puddincup9879

3 жыл бұрын

Funny how you don’t understand economics

All high density living areas are vulnerable

@TheMasterhomaster

3 жыл бұрын

Once a vaccine come out things will go back to normal in a year or two.

@Kevinschart

3 жыл бұрын

@@TheMasterhomaster not true...when all the NY refugeess get a taste of open space, low taxes, affordable housing many will never return. I'm currently going through that struggle. my apartment in the south looks real nice compared to what I had in the city. Gonna take a while to replace all the people who left for good.

@Gnashercide

3 жыл бұрын

@@TheMasterhomaster we don't need this vaccine

This makes me laugh instead of cry. Major hotels, restaurants are out of business, no jobs and no one can pay the high rents so they have to leave.

I left NYC long ago, but still keep an apartment there. Now NYC is becoming a lot more interesting. This pandemic once over may turn the city into an affordable place for artists, writers,....Not negative about this transformation.

@iscreamfitness

3 жыл бұрын

It will be LA version 2

@zcorpalpha2462

3 жыл бұрын

NYC will never recover till the year 2040

@zazaaziella16

3 жыл бұрын

There are not any clubs to play , or hang out at! I am an artist. NYC sucks now!

@bicycleetc9436

3 жыл бұрын

@@zazaaziella16 I guess you guys will be partying in doors after creating some wonderful art work.

@Kevinschart

3 жыл бұрын

honestly new york was already becoming less fun. the nightlife was taking a hit as venues were closing due to high rents. legendary performance venues were shuttering. I started coming to NY in 2002.... lived there for the last 8 years and it had changed a lot.

I like how he touches on the question but answers literally none of them.

@zazaaziella16

3 жыл бұрын

@Jarren Z There are no answers, except voting in Guiliani's son or Curtis Sliwa as Mayor, next. Tough but fun Guys, who love the city

Thank you AOC....

They all came to Phoenix, AZ 🤦

So they automatically defunded police. Cool

Many New York City residents who have vacation homes in other locales decided ride out the social distancing period(s) at their vacation residences. It is an option afforded the affluent among us - not a emigration event.

@zazaaziella16

3 жыл бұрын

They are not coming back. I work in Manhattan a few times a week and looks like a warzone.

NYC future will be as a dedicated homeless and poor people city. Everything about NYC will be geared to their needs. From every corner of the nation the poor and homeless will make it their destination.

@camerontaylor7471

3 жыл бұрын

Like San Francisco X100

@dorabolick9275

3 жыл бұрын

It will be Sanfrancisco ,homeless, free drugs capital of the nation. Sorry to admit.

Next step for the terminally broke...NYC fragments into 5 (or more) separate cities. No amount of $ is going to save that place.

It's as simple as this. New York is not affordable. Many people like me left simply because we refused to pay high rent and high taxes for a New York without all the great culture (bars, museums, broadway, music, restaurants etc). If the place was more affordable, and I had an opportunity to buy a home, I would have been more inclined to wait this thing out.

I think this is a turning point of American economy. People will no longer have to suffer with high cost of living to work at big companies. They will have more choices on where they want to work. It will create better quality of life. Those states with high property prices will eventually goes down and stabilize back property prices. I believe this is going to be a good thing for America as a whole. Also, i think it will be a global trend soon, and other countries would follow this trend. Whatever happened in America, will soon be followed by others. Thats just how it is over the past 50-60 years.

The "Taxi Driver" New York is coming back!

@80sruler

3 жыл бұрын

You talkin to me ?

@anothertemplarchuunibyoude3750

3 жыл бұрын

context?

New York will need another Felix Rohatyn in the next few years. But folks should leave asap.

It’s because Manhattan people have the least backbone of the whole city.

@differ212

3 жыл бұрын

It’s the Transplants. Not real NYers. Thanks

@bedcech

3 жыл бұрын

I lived in UWS, and that’s not true. The biggest sheeple were the locals.

@differ212

3 жыл бұрын

@@bedcech those UWS ers were transplants sorry.

@pepsiq11965

3 жыл бұрын

@@differ212 I live on the Upper East Side. That is the only place besides Staten Island where the majority are New Yorker's. All other parts of Manhatten and parts of Brooklyn are transplants. The rest of the city which is most of Queens and half of Brooklyn and almost all of the Bronx are from the 3rd world

Rents are indicators of economic health. Do you feel landlords are lowering rents because of Covid. Businesses wanting to be in cities for cache will have to report back to shareholders who might be at risk of lower company profits.

15 to 20% is like out of this world insane!! he said it in a monotone voice but that number is jaw-dropping holy crap... i understand why, but wow!

My rent was 20k now landlord is offering me 5k. I may still leave

No one seems to talk about high real estate prices and high debt levels around the world means A LOT of businesses will close when there is any sort of crisis (recession, pandemic, natural disaster). In order for the city to get back to where it used to be, someone else will need to pay the same high real estate prices and take on similar levels of debt, and thus be exposed to the same situation we are going through right now. Unless there are enough corporations with cash reserves to pay these high prices and survive shocks, we might be in unprecedented territory here.

The gun laws are too strict in New York City that's why I left

Serves NY right! They voted those politicians in.. let them deal with it!

Stratospheric housing costs, the assault on SALT and the pandemic formed a perfect storm. However, I'd like to know how many people actually put their stuff in storage which would indicate how many intend to move back when things settle down.

@Kevinschart

3 жыл бұрын

i packed all my stuff and brought it with me. got a little apartment out of state while i ride this out.

Are people moving because of the pandemic,....or are they moving because they are seeing that their city and state leaders are proving that they won't enforce laws and protect people from violence. As a tour operator, I will not be bringing bus loads of tourists to NYC every again. I can't ensure the safety of my travelers.

@Kevinschart

3 жыл бұрын

the media is overblowing the safety concerns...it's new york...If you want 100% it's never been a place for you to visit. New yorkers are leaving because the place it too damn expensive if all you can do is eat on the side of street and lounge in your shoebox apartment. The city is supposed to give you more than that which is why you're willing to pay the high prices. I can eat outside in North Carolina. I don't need to do it in New York in a tiny apartment that costs $2k

Move from NY and get paid less. A visit to the Dollar Store will be the highlight of the week.

@davidroberts7282

3 жыл бұрын

Texas and Florida as well as growing cities like Charlotte, NC, Atlanta, GA or Nashville, TN would all like to collectively say you're full of shit or badly misinformed by spouting off inaccurate, poorly-assimilated information or data. St. Louis, Mo., Phoenix, AZ, and Austin, TX and perhaps DFW, and Houston also feel obliged to give you their regards.

@joellewis1456

3 жыл бұрын

Watch the police their trying get me killed NYPD police 🚔 department and Cincinnati downtown Ohio police 🚔 department saying I'm a fag snitch arresting people and lying saying I'm snitch believe me it's because I shot a lieutenant in front of the police station 07 12 2006 and plus their mad I'm out and alive

I thought that was someone jumping from a building 😐

Oh my god, is that Joe Weisenthal from the world-renowned Bloomber Odd Lots Podcast with Tracy Alloway???

What the hell is in that closet behind you....perfect lesson for zooming as well as Jeff Tobin

data mining phones...?

Nice towel storage tho.

But it's led by a solid Democrat majority, how could it possibly be anything other then perfection?

The Stimulus went to people making less than $75k/yr. So very few in NYC got a stimulus check. It is not the people making less than $75K that are leaving and taking all the jobs with them.

If half or more of office workers can work from home..... why do you need hundred story buildings full of people clicking on their computers???

Everyone let's do our part & wear mask in public settings this is what health professionals are currently recommending. This pandemic is not just a United States pandemic. It appears that some other countries have handled this spread better than the U.S. ... From a far because I haven't been to the countries that have handled this pandemic better, it appears that the citizens are wearing mask among other precautions. I think the economy will return once we get this pandemic under control. You don't need elected officials to tell you to wear mask or do what is right. Just take responsibility & do your part to help get things as close back to normal as possible.

the interviewer sounds drunk

Minority is outdated term. We are not minor. If you are referring to nonwhite just say nonwhite.

@poptart4927

3 жыл бұрын

Minority and majority can be categorized for more than just colors

@indo3000

3 жыл бұрын

@@poptart4927 no shit?

@charlespeterson348

3 жыл бұрын

Waaa you "people " get butthurt over nothing

@indo3000

3 жыл бұрын

@@charlespeterson348 I’m not hurt. I just don’t like to be called minor. Technically nonwhite people are the majority on the planet.

@Kevinschart

3 жыл бұрын

@@indo3000 Minority is an accurate term used when discussing statistics and proportions. It is not meant to be taken personally. If I am a minority owner of a business it simply means I don't own a majority of the business. It's not derogatory in any way, shape, or form. People find the dumbest things to get upset about. Dude I'm sure you have more pressing issues that really matter to your life that you need to tend to.

We didn’t think about the background? Please pull your window/storage unit up

15-20% can be absorbed by this nation?

I left Baltimore back in 2004. It was a complete shit hole.

Poor people move permanently. Rich people move temporarily.

I think now is the time for them to press the reset button, this pandemic was the straw that broke the camel's back. Look how cities in the south are booming, it may not be a bad idea to try what they are doing

So sick of the incessant lectures every day since June about how minorities suffer more from Covid, police brutality, violence, poverty, lack of this, under represented in that. Blah blah blah blah blah blah blah. We get it. Either do something about it or move to a different country.

@Feelthefx

3 жыл бұрын

@Ant Nam you sound like a white female who cries about her oppression when the heated seats in her SUV stop working.

@sct4040

3 жыл бұрын

Do something about it? Well, that's where demonstrations come in, dude.

@Feelthefx

3 жыл бұрын

@@sct4040 burning and looting does more harm than good

@Feelthefx

3 жыл бұрын

@Ant Nam nope. I actually have standards

COVID or defunding police?

@noneurbisness6521

3 жыл бұрын

And taxes

NY is horrible with taxes, rich doesn’t care but if you are making under $250,0000 they tax the ...... out of you

The end of all things is near. Turn away from your sins! The kingdom of heaven has come near. So be watchful and control yourselves. Then you may pray. Most of all, love one another deeply. Love erases many sins by forgiving them. Love that comes from the Lord Jesus Christ. Jesus Christ is The Way, The Truth, and The Life. No one comes to the Father except through Him. If today you hear His voice harden not your hearts. Now is the time to be saved!

What the f is a slow real estate price?

I think rick Morales won't be coming back. Crime moves people.

Too many people, simple as that.

.... Blue States are singin' the Blues,... connect the dots Boys & Girls,...

Too bad so sad

1 -14 2021 not looking good NYC

Cuomo and high taxes need to go

Pffft. In 2-3 years it will be back to normal.

Proof of how fine trump is doing as president.

Why pay so much to live in an old musty building? Big adventure for the day is to go get some soup. Yawn!

Stop saying “sort of”... 😬

This dude name is literally pronounced like “Arm pit”.....🤦🏻

I love how the black guy is clearly reading off a teleprompter, some pre scripted talking points. Lame and dislike

@bicycleetc9436

3 жыл бұрын

Should he just be asking questions from the top of his head?