11–20 of 43 posts
You see this kind of reactionary pearl-clutching every day of the history of the human race. NYC will change, as will everywhere on Earth, it is not dead.
NYC is dead right now . The question is whether it will come back to life. My hunch is yes, because it is still a good brand.
The biggest fundamental being challenged now is “Do people need to work in the same physical location?”
Earlier quoted context omitted.
NYC is dead right now . The question is whether it will come back to life. My hunch is yes, because it is still a good brand.
Are the fundamentals still sound? The biggest fundamental being challenged now is “Do people need to work in the same physical location?”
I went from phone call to CT Scan in 17 mins at NYP hospital.
Museums open August 24.
Whole Food delivers to my front door. Your local herb friend probably does too. And how many Apple Stores?
Got my new NYC lease. Landlord raised the rent. Guess he’s not buying the doom and gloom?
NYC will do just fine. We’ll figure it out.
:-)
Why do I care what this random guy thinks? Is this “old man yells at clouds” hour?
Earlier quoted context omitted.
Are the fundamentals still sound? The biggest fundamental being challenged now is “Do people need to work in the same physical location?”
Wouldn't remote working actually make hipsters across the country free to move to a city that has a brand that resonates with them?
Office buildings can be converted to housing in the short run.
In the long run, in-person offices will probably beat distributed teams in many industries, like finance where small margins produce results. Especially since Goldman Sachs probably likes to discuss strategic plans like destabilizing national economies in private and in person.
Near-tautological cycles of real estate appreciation in high demand urban centers have prevented addressing major glaring problems, so a correction to the demand curve and valuations may enable zoning reform in order to get people back to the city.
Finally: why would anyone move to Phoenix with looming global warming?
Earlier quoted context omitted.
Are the fundamentals still sound? The biggest fundamental being challenged now is “Do people need to work in the same physical location?”
Wouldn't remote working actually make hipsters across the country free to move to a city that has a brand that resonates with them?
Rents are down, so that will eventually attract people back. A supply and demand problem in the classic case. Office buildings can be converted to housing in the short run. In the long run, in-person offices will probably beat distributed teams in many industries, like finance where small margins produce results. Especially since Goldman Sachs probably likes to discuss strategic plans like destabilizing national econ…
This is just not feasible in the short run due to huge costs of extra plumbing and other infrastructure changes. Hotel to housing conversions are much cheaper.