I too am an Aussie in NYC, having moved last November for work (in my case, Google). NYC is an amazing city, particularly if you're willing and able to pay the exorbitant Manhattans rents. Or you're sufficiently socially skilled and/or lucky to partake in the great private welfare system that is rent stabilization (and rent control but that's mostly irrelevant these days). To me NYC exemplifies Western capitalism, bo…
This is nothing recent, it started in the 50s and 60s with white flight and has been on a slow, slide downhill ever since because of cheaper constructions methods and cheap gas. Take those two things away and Americans just might go back to monolith building, if for no other reason that the need to work.