Not if they work remotely and go into the city a day or two a week.
OT: Consequences of Corona - Americans leave large cities for suburban areas and rural towns
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Not if they work remotely and go into the city a day or two a week.
Pretty lively arts and especially music scene in Texas, and you don't have to live in a city to enjoy them.
I do and multiple friends and family have already had to go back in. Many busissnses have allowed people to work from home until september or the end of 2020, but that isn't forever. Your company sounds like more of an outlier.
Post-Covid I think the only people consistently working in NYC will be residents of NYC and close suburbs (Hoboken/JC).
This will finally put the nail in the coffin of commuting over an hour from NJ/LI/CT just to be in the office 4 days a week.
Proof of concept that working from home is viable has been proven.
Especially once kids are back in school consistently.
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anon_0k9zlfz6lz9oy
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Depends where you live. My sister and cousin just bounced along with many friends. Its a shithole in many parts rn
The way to fight silly stereotypes is not by promoting opposite but equal silly stereotypes.
Almost as predictable as your sad, vapid barrage of tweets and memes to make a point that doesn't really exist.
When Amiri Baraka talked about white dudes who were of lesser endowment, he meant these little terrified rodents.
You are talking out of your ass. You have no clue what you're talking about.
What's your town I'll look it up next? Actually let me go find some pics from Asbury park. Not too long ago you cried on this board that anyone going off a few bad apples and pictures from Asbury park was uniformed. Maybe take your own advice.
You don't think I can find pictures or videos of violence in Asbury Park on twitter? I will right now. Maybe take a trip to NYC no reason to be so afraid.
He didn't say only pictures, and those posts did in fact happen.
Try only talking out one side of your face sometime, it'll be a refreshing change ... for you, as much as everyone else.
NYC has turned into Gotham in two months. I’m expecting to see the Joker take over any day now.
Btw, this was all predicted.
Btw, this was all predicted.
Sad but true. David Dinkins 2.0 coming to NYC!
Cities will be fine. You'll see a short term shift in demand flowing from major cities to surrounding suburbs, particularly in our area, but that will reverse in a year or two.
Remember, the population has been shifting towards cities for a while now. And it's getting increasingly difficult to hire talent - legit impossible for millennial talent - outside of these areas. Cities will rebound fine.
Remember, the population has been shifting towards cities for a while now. And it's getting increasingly difficult to hire talent - legit impossible for millennial talent - outside of these areas. Cities will rebound fine.
For RE, almost everyone's time frame should be over 5 years (IMO).
I do recall something like that. I think it started over some famous old musician (Bob Dylan?) walking the streets lost a bit inland.. the general trend sai you were relatively safe 2-3 blocks off the boardwalk.. but everywhere else was highly suspect. And there were anecdotal evidence offered on both sides.
In the past month the average property values:
Hoboken 868K
Jersey City 07302 749K
Asbury Park 475K
Long Branch 530K
Harrison 737K
Stop demonstrably lying.
The fixed costs of purchasing real estate generally means holding for several years at a minimum
I think the cities could have survived Covid because people have short memories. Going to be hard for people with families to forget the Mayor allowing the city to be looted and burned. That being said, people thought NY would never recover from 911 and it obviously did
Yes all of NYC is destroyed and looted.
I hear there are now riots at Penn Station because everyone is leaving the Upper West Side, desperate to head for Somerset County and the town that some random NJ website was paid to declare the best.
Much like how all the geniuses on this board said NJ was being ruined by taxes and everyone is fleeing and now hopes in Alpine and Millburn cost 50k.
I hear there are now riots at Penn Station because everyone is leaving the Upper West Side, desperate to head for Somerset County and the town that some random NJ website was paid to declare the best.
Much like how all the geniuses on this board said NJ was being ruined by taxes and everyone is fleeing and now hopes in Alpine and Millburn cost 50k.
Just here to say that My brother lives in NYC and it isn't that bad at all and he isn't looking to move. We walked amongst the "ruins" and it was no big deal... Actually just as it always is..ate some sushi, hung out, talked to folks they knew...they all know the looters were from other boroughs, and they all know the insurance will collect..
Have friends from East side of the Asbury Tracks...some of them kick it in Newark regularly and realize the crime per capita rate is worse in Asbury, and some try and act like they are both enlightened AND safe living on said east side of the tracks...but we know the second group is fulla shit.
Have friends from East side of the Asbury Tracks...some of them kick it in Newark regularly and realize the crime per capita rate is worse in Asbury, and some try and act like they are both enlightened AND safe living on said east side of the tracks...but we know the second group is fulla shit.
Almost a half million people have left NYC since CV broke. The riots and lunatic politicians shackling law enforcement at exactly the wrong time are sending even more out. Even Giuliani is telling people to leave. The only beauty of it is the dumbest people want to stay.
" Hundreds of thousands of New York City residents, in particular those from the city’s wealthiest neighborhoods, left as the coronavirus pandemic hit, an analysis of multiple sources of aggregated smartphone location data has found.
Roughly 5 percent of residents — or about 420,000 people — left the city between March 1 and May 1. In the city’s very wealthiest blocks..."
https://www.nytimes.com/interactive/2020/05/15/upshot/who-left-new-york-coronavirus.html
My daughter and her fiancé live in Brooklyn and trying to buy a house in New Jersey since their companies have gone to WFH except for one or two days a week.Looking in Maplewood, South Orange, West Orange. Found a nice starter home I was listing at $635K in Maplewood. Got bid up to $785K and sold. James in eastern Pennsylvania or being bid up.
The thing to watch is how many companies are going to WFH or split schedules. Covid and the availability of technology is accelerating this. Will be a difficult trend to reverse especially if crime continues to escalate in the cities.
The thing to watch is how many companies are going to WFH or split schedules. Covid and the availability of technology is accelerating this. Will be a difficult trend to reverse especially if crime continues to escalate in the cities.
I feel safe living in Asbury I guess I am enlightened and full of shit.
And so it begins:
Empty Manhattan apartments reach record levels, landlords slash rent
The weakest segment of the rental market is large, family-sized rentals. Brokers say many families that normally would be renting in the city have left for the suburbs where they can have a yard and more space.
The number of new leases signed for three-bedroom rentals in Manhattan fell by 42% in June compared with a year ago. Downtown Manhattan and the East Side are getting hit the hardest, with a 41% decline in rentals downtown and a 49% drop on the East Side.
https://www.cnbc.com/2020/07/09/emp...reach-record-levels-landlords-slash-rent.html
They didn't leave permanently or move out, they went to their Hamptons houses. That is very different from selling your apartment and moving.
From the attached article: "Reports have depicted a withdrawal to second homes and vacation towns."
Most of my friends who live in NYC left during the peak of Covid. Younger ones went to their family homes, older ones went to the Hamptons, etc.
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