future generations

they will be living in Zuccotti Park, with 50% unemployment rate for new college grads, and climbing

They're moving out of NYC.

Seriously.

The younger generation is finding that:

a) they can't even get to first base in NYC (even in the Outer Boroughs) without living like gypsy or Sister Wife in a compound of at least a half-dozen other broke kids crammed into a studio apartment like rats, and

b) they're finding that thanks to the runaway gentrification that's led to the corporate homogenization of Manhattan (and soon the rest of the city) contributing to skyrocketing rents that make it utterly unaffordable for all but Wall Street moguls, New York is no longer really the incubator of all things creative.

Also, thanks to technology, kids today are waking up to the fact that creativity is no longer dependent upon geography; since New York has been doing quite a good job of exporting its own culture, these kids are carving out their own "New Yorks" in their own locales; no longer is NYC the be-all and end-all for musicians, writers, artists, etc. Even filmmakers. Rather than having to take a vow of poverty and face hour-long commutes just to get into the city, this next generation of creatives is forgoing the time-honored emigration to Manhattan, and instead carving out their own "scenes" in their hometowns, where life is easier and cheaper, and they can actually focus on their creative endeavors without having to also work three part-time jobs just to pay the rent and the ConEd.

Some of the hottest art and music scenes are now in cities like Tacoma, Louisville, and Pittsburgh. And even in the New York area, the Creative Class has slowly been migrating up the Hudson to towns like Cold Spring, Peekskill, and Beacon.

You might do well to buy some property in these "second tier" cities.

Like Yogi Bera said, "nobody goes there anymore; it's too crowded."

hmmm..we have high tech engineering schools going up in brooklyn and roosevelt island and just this am there were tech VC people talking about NYC and san fran as the major centers. Gotta give credit to Bloomberg for this.

STUDENTS are one thing.

Young professionals who are seeking employment and trying to eke out a living are quite another.

NYCMatt, many companies select the location of new offices based on the quantity and quality of the students (talent pool) graduating from surrounding schools.

what affect have NYU and Columbia had on thier surrounding areas ? theres a big difference between 100th street on the west side and on the east side.

"NYCMatt, many companies select the location of new offices based on the quantity and quality of the students (talent pool) graduating from surrounding schools."

Most do not.

NYCMatt: "Most do not."

You are probably correct in the literal sense, but my firm alone has moved *thousands* of jobs to such locations in the past six to eight years and is continuing to do so. My firm's competitors have been doing the same. I am talking about jobs that pay $100K+.

McKinsey research:

http://www.mckinsey.com/Insights/MGI/Research/Urbanization/Urban_world

The collective top 600 cities (includes NYC obviously) globally will grow 1.6 times faster then other areas. NYC will remain well in the top 25 global cities in 2025.

According to the US Census, NYC's population increased by 2.1% in the last decade. That's an increase of less than 170K in 10 years.

Bullish

Chinese hipster youth will be flocking to NYC. Now that is bullish.

No hipsters in China.
There are hipsters in Japan but then we're talking about a country where young ladies in their 20s and 30s are obsessed with Hello Kitty.

"You are probably correct in the literal sense, but my firm alone has moved *thousands* of jobs to such locations in the past six to eight years and is continuing to do so. My firm's competitors have been doing the same. I am talking about jobs that pay $100K+."

I'll give it five years before they're moving those "$100K" jobs to India.

Then they'll be "$17K" jobs. Much better for the bottom line.

Maybe e76 should be looking at investing in real estate in Delhi.

http://www.brooklynbridgeventures.com/

"thanks to technology, kids today are waking up to the fact that creativity is no longer dependent upon geography"

Disagree ENTIRELY... am with you on treating doorman come Xmas tiptime (like plebeian hookers, if that), but you're way off..

1. ever use Grindr?

....ever wonder why some who can afford wvill/LoChea choose HK due to it's gay congestion per sq foot, amidst the sea of midtown hotels/gay lounges who get away from their wives and play with boys via the app?

who needs the bar when you can log on and tell the boy of your choice AT the bar to come up your pad, walk 2 blocks uptown to west 54th from iNdustry bar?? all in your pjs' freeballin broooooo...

until an app can 100% replicate actual bukake circles or penetration, there will always be a need (and want) to meet.. tech doesn't discourage it, it simply makes the meeting process much easier, something a vertical town will have over any subrubria, where driving tolls (essentially lack of convenience) make the mehh.

2. silicone alley is on a roll.. less of a laughing stock to SV in prior years, all the big guys are movng in (not even mentioning successful startups ala 4square, etc).. not just sales brooosss as once predicted but Google (et al) are actually planting their engineering offices in NYC, purchasing buildings nonetheless..

maybe the Grindr commute from SV to SF is less attractable than takin the A train 2 stops up?

and of course the "tech campus" in roosevelt island, salted for 2017...

but this is NY so unions will probly press it to 2034 to collect that OT and pad the pensions broo jus sayin

"1. ever use Grindr?

....ever wonder why some who can afford wvill/LoChea choose HK due to it's gay congestion per sq foot, amidst the sea of midtown hotels/gay lounges who get away from their wives and play with boys via the app?

who needs the bar when you can log on and tell the boy of your choice AT the bar to come up your pad, walk 2 blocks uptown to west 54th from iNdustry bar?? all in your pjs' freeballin broooooo...

until an app can 100% replicate actual bukake circles or penetration, there will always be a need (and want) to meet.. tech doesn't discourage it, it simply makes the meeting process much easier, something a vertical town will have over any subrubria, where driving tolls (essentially lack of convenience) make the mehh."

***

Actually, yes I have used Grindr.

Know how it REALLY works?

Out of all of those guys concentrated in Chelsea/Village/Hell's Kitchen, when it comes time to actually hook up, 90% of them can't "host". Why? They're living with roommates and have absolutely no privacy.

Sure they can "afford" those neighborhoods -- with the help of roommates.

In your 20s that's fine.

Over age 30, however, that's just sad.

"How sad about us
how sad about us
never meant to break up
looks like we'll never make up
sa-a-a-ad about us..." (Pete Townshend "So Sad About Us")

NYCMatt is gay?

yes he is.

So now the gays will prop up RE in manhattan?

>In your 20s that's fine.
>Over age 30, however, that's just sad

Matt, how old are you?

Haven't you had a few roommates sleeping on your couch to help you pay the maintenance and mortgage? You've mentioned it before.

"Out of all of those guys concentrated in Chelsea/Village/Hell's Kitchen, when it comes time to actually hook up, 90% of them can't "host". Why? They're living with roommates and have absolutely no privacy."

I'm gonna channel hol4 here and say "Exactly -- the more the merrier."

I like this question and also curious if you wanted to be not just an investor but also live there yourself NOW where would you buy?

"Matt, how old are you? Haven't you had a few roommates sleeping on your couch to help you pay the maintenance and mortgage? You've mentioned it before."

I'm in my 40s.

They were not paying me a dime, because I was helping THEM in their unemployment.

What a surprise. Matt and his inflatable rat were supporting a culture of dependency and handouts instead of a culture of hard work and responsibility.
Let me guess, someone else is to blame for their unemployment.

inonada.. wow, something you said that i actually agree with...

nycmatt.. i've found a ton of hot under 30 Hellsea dudes on grindr who CAN host (though i usually do).. u know how many young gay dudes work in tech/law/finance/hf/pe(yes, post "blow-up")/etc (ie this aint the '80's where we're all perceived to work on a hairdressers budget)...

granted maybe a small studio or 1br, but def enough room to be thrown around like a rag doll and vice verse (no pun)..

Brooks2 "So now the gays will prop up RE in manhattan?" you are correct, sexuality, race, international relations, taste, culture (or lack there of), and perception NEVER play a role in RE, business, or the stock market... do they still accept vouchers in your textbook PC vacuum of world? how much for a weekly pass, in case i may miss real life?

ho is hilarious.

"Let me guess, someone else is to blame for their unemployment."

Mitt Romney, among others.

"granted maybe a small studio or 1br, but def enough room to be thrown around like a rag doll and vice verse (no pun).."

Are you the tosser or tossee?

Alright. Interesting informative discussion.
I was so bored that I read the streeteasy on twitter section.

So do you guys bring a nice bottle of wine with you for your host?
Anything, or do they just show up and ring the doorbell with their big hard dick?

Mitt Romney fired your friends? That's funny! What year was this?

Not all Grindrs or Grindees are not hosting because of roommates. Many are not single. Many want to keep their privacy. Many want the option of leaving if the other person is not who he claimed to be.

Just sayin.....

I see you're speaking from experience ...

So do the guys bring anything for the host or do you just open the door and commence throwing each other around?

Matt brought me a nice package

hardly ever any wine, unless a relationship forms, but i barely have time for myself so it's usually open the door small bs chit chat and then straight into assault and battery.

my point is time/convenience is king, and vertical/walkable cities are much preferred to say sitting on the 405 in la for some green ucla student who still thinks it's a phase and will get back with his gf broooo...

nycmatt, i thought my slight pun made that clear.

I have learned something here today on se. I thank you, gentlemen.

"it's usually open the door small bs chit chat and then straight into assault and battery."

Woof!!!

:))

hol4 is my new favorite poster

ho has been posting primo comments for months. he comes and goes. he's busy grinding.

Blendr will debut soon for the straight set.

Future generations will be blending and grinding. Dating will be extinct.

Whatever happened to Wbuttom?

When did white trash become normal?
http://nyp.st/17zsDLG