Will NYC ever recover?

Why don't you leave Rufus? NYC will be a better place

Oh, please.

I would have loved to see your ten year prediction for NYC had you been living here two decades ago.

Idiot.

malraux, this is the worst financial crisis since the Great Depression, and the government bailout is not going to help things. In either case, your unwarranted optimism is quite amusing.

> NYC's future looks bleak indeed.

Sound like rufus just described Chicago...

rufie, do you like trickle-down economics?

i'm a strong supporter of supply-side economics. I believe that Reagan was one of the greatest presidents in our nation's history. He saved us from the path of socialism that we were on in 1980 when he was elected president. Consider this: the top tax rate in 1980 was 70%! When he left office, it was down to 28%.

Hey rufus, how about them Cubs?

Who let the trolls out?
Woof! Woof!
Who let the trolls out?
Woof! Woof!

rufus:

you're right. it's the end. you should move to detroit now to accustom yourself to what the post-holocaust-blade-runner-like future of the US economy will be.

may I humbly suggest somewhere nice, like cass corridor?

Rufus likes the trickle-down thing.

detroit is not my cup of tea. i'm looking at condos in Chicago, which is the Paris of North America, and the cleanest and most livable city in the country.

"Paris of North America" -- a reference to the riots in the suburbs of Paris, just like throughout Chicago.

So Rufie,
you like the trickle-down thing because it reminds you of golden showers;
you like very tall and long buildings that were newly erected, and don't think Chicago's skyscraper boom has climaxed;
you want to move to Lakeview East, which is also called what exactly?

Refresh our memories.

"my cup of tea"!!!

alanhart, are you, rufus, and nyc10022 intent on turning this into another Curbed comments forum? This is beyond ridiculous.

shit - i'd rather just move to paris and eat every sunday at chez l'ami louis!

alanhart, i'm not planning on moving to lakeview. i'm looking at condos in river north, gold coast, and streeterville.

They're more your cup of tea?

i like luxury highrise condos with lot of amenities and great views. And Chicago has plenty of those and they're well-priced. i was never a fan of ugly boxy buildings that are overpriced, which is what NYC has plenty of.

How does that make you feel?

it's really sad that NYC people have to live in such squalor. people pay $3K/month to live in a tiny 1-bedroom in an awful building.

I know!! rufus is A RE BROKER FROM CHICAGO.
That's what the story is!
Nice try, rufus. Now crawl back.

I saw zombie undead cannibals running down the street just the other day.

yes rufus it will recover. probably a lot faster than you would like.

> Chicago, which is the Paris of North America

The Paris, Texas of North America.

Then, again, maybe the Paris thing has some validity... no finance, no real economy, riots, and socialist government machines...

NYC is the most liberal city in America. Chicago does not have NIMBY or 80/20 rental buildings.

I suddenly have a craving for a cup of tea....

Also, Chicago pizza tastes like shit. Deep dish my ass.

Their deep-dish thing is just a distraction from their real haut cuisine -- haut dogs with 15 toppings.

Want cheese on that?

I actually like Chicago style dogs, its just the pizza which is vastly overrated, IMHO. But Chitown's a great town overall. Their sports teams suck though. Go Rays!

> NYC is the most liberal city in America.

And the most capitalist.

Chicago manages to have the worst of both... a horribly run city with the worst machine politics anywhere, and then on top of that no one making any real money.

rufie will start telling you about how much money their (soon-to-be-massively-regulated) casino generates.

nyc10022, i hope you don't believe your own hype. Mayor Daley is brutally efficient; he successfully gentrified Chicago by getting rid of the projects in prime areas, something neither Rudy nor Bloomberg had the balls to do. He cleaned up the city and encouraged high quality development. And now, Chicago is the favorite to win the 2016 Olympics bid, something NYC failed to accomplish.

There is enormous wealth in Chicago, ranging from derivatives traders to investment managers to people in various industries.

> something NYC failed to accomplish

Failed to accomplish? The people didn't want it. NEW YORK SAID NO!
Nice accomplishment! You and lovely beijing are up there with other 4th tier cities! Remember how Sarajevo looked just a few years after! Welcome to that amazing club!

And if its segregation you like, good thing we segregate all the idiots in the midwest...

> There is enormous wealth in Chicago, ranging from derivatives traders to investment managers to
> people in various industries.

All making small fractions of what people make in real cities.

But, keep trying...

why can't you just accept the fact that the IOC rejected NYC's bid because it deemed the city unworthy to host the Olympics?

in terms of GDP and overall wealth, Chicago is top 5 in the world. And unlike NYC, Chicago is still doing fine in the midst of the financial crisis.

do you suffer from tiny penis complex? or maybe tiny chicago complex? just move to chicago already we will all be THRILLED!

Seriously, can you guys like, take it outside? Or at least find a room?

And Chicago is just a short short-bus ride away from Hammond, Indiana, where rufie lives.

> why can't you just accept the fact that the IOC rejected NYC's bid because it deemed the city
> unworthy to host the Olympics?

The IOC said there had to be a stadium, and the city said no. Fairly simple, even for an idiot like you. New York just didn't want the olypmics. We have things to do here, unlike Chicago, where its bid for the olympics, or eat bad pizza.

> in terms of GDP and overall wealth, Chicago is top 5 in the world.

1) no its not
and 2) its a SMALL fraction of NYC.

You're so stupid that you'll even name the lists where NYC dwarfs Chicago.

The people whose last names begin with A in their names in this town could buy all of Chicago. And you only need half of B to buy all of your Indiana, too.

pull head out of a** and speak half-truths about Chicago and then reinsert head in own a**....rinse and repeat....

Overall, the PWC research emphasises the economic significance of the world’s largest cities. The top 30 such cities ranked by GDP accounted for around 16 per cent of world GDP in 2005 and this share rises to around 25 per cent for the top 100 cities.

• At present, the mega-cities of the major developed economies continue to lead the global GDP rankings, with the top six in 2005 being Tokyo, New York, Los Angeles, Chicago, Paris and London.

BTW, Chicago real estate, already some of the cheapest in the nation, is down 12% over the last year... thought just JULY (last Case Shiller month). Sounds "fine" to me...

That is one of the bigger city declines...

bjw2103
6 minutes ago
ignore this person
report abuse Seriously, can you guys like, take it outside? Or at least find a room

BJW, you and perfitz were going it pretty good over Williamsburg vs. Lower East Side...

waverly, according to that study, Chicago has more wealth than London and Paris, which directly contradict nyc10022's asinine comments that Chicago's wealth is only a fraction of NYC's.

a > (b or c)
therefore
a cannot be a fraction of d

?????????

chicago is only slightly behind NYC in terms of overall wealth, even though NYC is 3 times bigger.

"BJW, you and perfitz were going it pretty good over Williamsburg vs. Lower East Side..."

I was actually trying to post my thoughts on the neighborhoods, did not engage in the name calling, and certainly did not go on and on like this Chicago thing has. It's hilarious that you wanted to call me out on having "stupid conversations" yet this is what goes on on countless threads now. Yeesh.

It's per capita.

> a > (b or c)
> therefore
> a cannot be a fraction of d
> ?????????

Alan, after all the moronic posts by rufus, you suddenly think LOGIC is going to apply? Rufus missed that boat a few years back.

;-)

Tokyo and New York City are WAYYYYY ahead of the other cities. It's like finishing 2nd in the division, yet you were 45 games out of first place. Yeah you were second, but you were so far out of the game that you really didn't matter all that much....

That's all for me.

I am officially taking part in the embargo/strike/blacklisting of Rufus. If we ignore him, he will go home and play.

nyc10022, Neal ____, 1981?

http://www.citymayors.com/statistics/richest-cities-2005.html

According to this table, NYC's total GDP in billions is 1133 while Chicago's is 460. But since NYC is 3 times bigger, Chicago's per capita GDP is actually higher than NYC.

I'd like some green tea, please, with lemon and honey.

okay...one last one....IT'S PER CAPITA.

Per that same site, NYC is 2.12 times the size of Chicago in terms of population in the MSA.

The GDP chart doesn't seem to be per capita, but NYC is 2.46 the size on that chart. And, remember, those were 2005 numbers, before much of the NYC boom (and while Chicago prices declined).

So, no matter how you look at it, Chicago is smaller and poorer, in absolute and relative terms.

Its also exactly with Paris in terms of GDP, and we all know that Paris is simply an economic powerhouse.

But, also remember, GDP isn't a measure of wealth, its a measure of output. I'm sure they make lots of pizza and things.

But wealth is another story, and it 'aint in Chicago.

http://www.citymayors.com/economics/richest_cities.html

This table ranks cities by earnings. NYC is at 100, and Chicago is only slightly behind at 94. The top 10 cities are all in Europe, which is proof that wealth is leaving NYC for Europe.

Genius, that was when the dollar was low. All those cities are 10-15% poorer now, with the Euro down dramatically.

Now they know what Chicago feels like.

I've changed my mind - maybe some jasmine oolong would be nice.