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Economy
Is NYC dead forever?
2020-08-14
[LinkedIn] I love NYC. When I first moved to NYC it was a dream come true. Every corner was like a theater production happening right in front of me. So much personality, so many stories.

Every subculture I loved was in NYC. I could play chess all day and night. I could go to comedy clubs. I could start any type of business. I could meet people. I had family, friends, opportunities. No matter what happened to me, NYC was a net I could fall back on and bounce back up.

Now it's completely dead. "But NYC always always bounces back." No. Not this time. "But NYC is the center of the financial universe. Opportunities will flourish here again." Not this time.

"NYC has experienced worse". No it hasn't.

A Facebook group formed a few weeks ago that was for people who were planning a move and wanted others to talk to and ask advice from. Within two or three days it had about 10,000 members.

Every day I see more and more posts, "I've been in NYC forever but I guess this time I have to say goodbye." Every single day I see those posts. I've been screenshotting them for my scrapbook.
Posted by:3dc

#6  All delivery service will be severely reduced. Insurance coverage in areas unprotected by Police will stop. This is happening now. Why risk losing a claim when you knowingly entered a hazard zone. Can you imagine insurance coverage for a business in these areas. No, they have doomed themselves. Numbers will all go negative. Bail them out?, why bother if no effort is made to secure areas.
Posted by: Dale   2020-08-14 21:14  

#5  Guiliani saved it once. It can be saved again. With the wealth fleeing as it did it might take a lot longer to recover though and DeBlasio isn't the one to do it.
Posted by: rjschwarz   2020-08-14 17:54  

#4  upper class is leaving but moving to other big cities, e.g. Atlanta, Miami

working class, e.g., delivery workers, cleaning crews, etc. are still there
Posted by: lord garth   2020-08-14 10:13  

#3  The Jason Voorhees of urban (non)America.
Posted by: Procopius2k   2020-08-14 09:43  

#2  There's the rub. To get the excitement you want you have to tolerate the excitement you don't want. If enough people come for the excitement you don't want, you get Portland.
Posted by: M. Murcek   2020-08-14 03:00  

#1  2nd attempt to publish. The first one vaporized. This is an interesting editorial on LinkedIn.
Posted by: 3dc   2020-08-14 02:37  

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