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Lessons New Yorkers must learn

Posted by Peter Rosa on Thu Nov 21 16:54:55 2024

In no particular order:

1. In today's economy almost any business can go anywhere. If a major corporation decides to leave New York and relocate to someplace like Dallas or Phoenix it almost certainly can do so. And this isn't even mentioning WFH.

2. Paying unionized public sector workers generous salaries, especially when combined with the ability to retire much too young on large pensions, is economically unsustainable.

3. Having the country's widest and most compassionate array of social services is also economically unsustainable. It also may encourage the in-migration of people with social service needs, though that's admittedly unproven.

4. Regardless of what the statistics may show, a few well-publicized violent crimes make the city seem dangerous. Speaking of crime, although these decisions happen on the state rather than city level, eliminating most bail and paroling criminals long before the ends of their sentences is an unmitigated disaster.

5. Urban amenities like Broadway shows and upscale nightclubs may attract a few people to the city, but far more focus on jobs and safety.



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(2006036)

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Re: Lessons New Yorkers must learn

Posted by Orange Blossom Special on Thu Nov 21 17:27:49 2024, in response to Lessons New Yorkers must learn, posted by Peter Rosa on Thu Nov 21 16:54:55 2024.

1. In today's economy almost any business can go anywhere.

Del is learning this big time.

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(2006042)

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Re: Lessons New Yorkers must learn

Posted by AlM on Thu Nov 21 19:13:23 2024, in response to Lessons New Yorkers must learn, posted by Peter Rosa on Thu Nov 21 16:54:55 2024.

far more focus on jobs and safety

That's why co-op and condo prices are down so much and there are so many rental vacancies.

Actually, plenty of people are aware that NYC is a fairly safe city.


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(2006043)

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Re: Lessons New Yorkers must learn

Posted by Catfish 44 on Thu Nov 21 19:56:46 2024, in response to Lessons New Yorkers must learn, posted by Peter Rosa on Thu Nov 21 16:54:55 2024.

Number 2 is a doozy

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(2006053)

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Re: Lessons New Yorkers must learn

Posted by BILLBKLYN on Thu Nov 21 21:32:34 2024, in response to Lessons New Yorkers must learn, posted by Peter Rosa on Thu Nov 21 16:54:55 2024.

What should the public sector union workers be paid?

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(2006063)

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Re: Lessons New Yorkers must learn

Posted by Catfish 44 on Fri Nov 22 00:18:19 2024, in response to Re: Lessons New Yorkers must learn, posted by BILLBKLYN on Thu Nov 21 21:32:34 2024.

🤔🤨🧐

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(2006072)

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Re: Lessons New Yorkers must learn

Posted by Orange Blossom Special on Fri Nov 22 09:19:37 2024, in response to Re: Lessons New Yorkers must learn, posted by AlM on Thu Nov 21 19:13:23 2024.

Yes, I heard from the FBI that there's no murders or nutin.

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(2006074)

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Re: Lessons New Yorkers must learn

Posted by Peter Rosa on Fri Nov 22 09:41:50 2024, in response to Re: Lessons New Yorkers must learn, posted by AlM on Thu Nov 21 19:13:23 2024.

That's why co-op and condo prices are down so much and there are so many rental vacancies.

That's because the city's density and extremely high construction costs make it impossible to build anything that's not really high-end. And there's also limited supply, it's not like Dallas or Atlanta where the subdivisions are popping up further out into what used to be countryside.


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(2006086)

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Re: Lessons New Yorkers must learn

Posted by AlM on Fri Nov 22 13:26:16 2024, in response to Re: Lessons New Yorkers must learn, posted by Peter Rosa on Fri Nov 22 09:41:50 2024.

there's also limited supply

If your two decades of supposed doom and gloom had actually occurred, there would be plenty of supply as people moved out and weren't replaced.



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(2006088)

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Re: Lessons New Yorkers must learn

Posted by Peter Rosa on Fri Nov 22 13:57:30 2024, in response to Re: Lessons New Yorkers must learn, posted by AlM on Fri Nov 22 13:26:16 2024.

New York's big population decline did not start until March 2020.

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(2006091)

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Re: Lessons New Yorkers must learn

Posted by AlM on Fri Nov 22 14:35:01 2024, in response to Re: Lessons New Yorkers must learn, posted by Peter Rosa on Fri Nov 22 13:57:30 2024.

That's my point. You've been saying how terrible NYC does everything for decades now, and yet people haven't left in droves. In fact, the population now is still greater than it was in 2000.

There weren't that many manufacturing and warehousing jobs left in NYC by 2000 already.



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(2006118)

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Re: Lessons New Yorkers must learn

Posted by Dan on Sat Nov 23 09:53:43 2024, in response to Re: Lessons New Yorkers must learn, posted by Orange Blossom Special on Thu Nov 21 17:27:49 2024.

Telecom technology allows firms to move to let's say Texas or Florida and keep all their New York phone numbers for their client's convenience, etc.

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