Report: Pandemic Impact on NYC Migration

Interesting, thank you.

So basically 4 years of losing population, with 2020 obviously the worst year.
At least 2021 is back to the "minimal" losses seen in 2018 and 2019

Admin2009,
His brother was worse.

Here's a list of some of the new development taking place;

https://newyorkyimby.com/type/residential

It may have come back by some measures, but still has a long way to go. There were uniformed police all up and down Greene Street in Soho this weekend, waiting for swarms of shoplifters. The streets are filthy. But as a landlord, I hear you, the rents are up and high quality tenants are willing to pay.

I am hoping Eric Adams prevents NYC dell becoming San Fran.

I am hoping Eric Adams prevents NYC from becoming San Fran.

3 PM yesterday Penn station was pretty dead, almost like pre pan late night but a little better than that.

stache,
What do you think of the plan for a Hudson Yards scale office development over it?

300, I showed one of our rentals to someone currently living in SF. I asked him if the headlines match the reality - he said it was even worse. Such a sad state of affairs for that beautiful city.

Jas, Thank you. One of my friends told me the same thing about Sanfran. Guessing real estate there may take a big hit.

However, I am very hopeful that pols in SF and Cal will start to fix it. NYC real estate prices continue to show improvement. Perhaps buyers excited about the end of DeBlas era.

LA as well.. It really got out of control for a while.

30, I hadn't heard of a plan to put a tower directly over it but I would be in favor of that. I like Gov. H's revised plan for towers between 6th & 7th Aves. I hope the old Gimbel's tunnel reopens.

I don't think NYC will reach the level of West coast homeless on the streets. The winters work against that. I'm more concerned about crime.

Big Banks in New York City Advising Workers to “Dress Down” as Felony Assaults Increase
https://thenewamerican.com/big-banks-in-new-york-city-advising-workers-to-dress-down-as-felony-assaults-increase/

This article contemplates lowering the rate of violent crimes by allowing people to carry weapons? Madness.

The New American site..
https://en.wikipedia.org/wiki/The_New_American

Not exactly impartial. This quote is priceless:
"The current mayor, Bill DeBlasio, is a self-avowed Marxist and his replacement, mayor-elect Eric Adams, is also a Democrat."

You may not be old enough to remember this @krolic, Archie Bunker had a similar solution to crime and "Sky jackings" in the 70's. There was quite a bit of crime in NYC back then. Anyway, your comment made me think of this episode : )

https://youtu.be/-lDb0Dn8OXE

This article is so wild that I don't know if I believe any of it.

selborne, thank you for that link. My parents were Birchers. I thought that organization had bitten the dust.

Ridiculous article, which quotes a hysterical NYPost article, to try to make a rather mis-guided point. The New American article claims that "New York City is one of the most violent cities in the country", and then lists 20 places with worse crime rates.

A lot of things get conveniently blamed on the pandemic. If all other factors were equal, you could very well rely on it being the source. The fact is NYC, already had/has things happening besides the pandemic which makes/made it a prime exodus candidate.

First is the decimation of retail. Well under way before Covid. Amazon did what Walmart has tried to do over several decades. Go to a town, undecut the competition, destroy the competition, and be the only game in town. This of course takes time, geographically and physically building brick and mortar. Amazon is able to this nationally, and for the most part, all at the same time.

Two is crime. Crime is way up. Not interested in arguing politics so that is all Im saying on the matter. It may not be so in your neighborhood, but boro by boro it cannot be denied. I am not safe in my neighborhood, and it is a horrible feeling.

Three is cost/quality of life. Cost is up, whether its because of taxes, labor, loss of vehicle traffic lanes adding time thus expense to distribution of anything and everything.

The pandemic is just Archduke Ferdinand getting assassinated, the "immediate cause"

Is NYC really back though? Moratoriums on evictions, development slowdown, etc makes for a wonderful artificial rebound.
With only 30% back to those 80% leased offices, this is where the pandemic rears its ugly head and probably for several years to come.

@keith
that video was hilarious

then I scrolled down to the comments... a good number of viewers seem to agree with guns for everyone solutions. Not hilarious anymore.

"An armed society is a polite society. Manners are good when one may have to back up his acts with his life."
Robert A. Heinlein, Beyond This Horizon

Archduke Feridinand. Such a great analogy. Sadly.

There are too many people who, because it doesn't quite fit their preferred narrative, cannot admit that crime is up. And you know who is most impacted? People of color in the non-prime Manhattan neighborhoods. Eric Adams got that fact and hopefully it will break through to the forces of 'polite liberal, big national check-writing but barely voting in local election prime-Manhattan types'. To coin a phrase.

I shudder at the thought of an armed NYC. But seems like there's a non-zero chance that these laws will loosen.