Altucher: NYC Is Dead Forever • Hacker News Board

Re: Altucher: NYC Is Dead Forever

#21

Post by hansvm » Sun, Aug 16, 2020, 2:22 PM UTC

brooklyndude wrote: post #13

Soho is packed with outdoor diners. 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. :-)

> Got my new NYC lease. Landlord raised the rent. Guess he’s not buying the doom and gloom?

He doesn't think you buy the doom and gloom anyway. You did pay after all.

Re: Altucher: NYC Is Dead Forever

#22

Post by Mediterraneo10 » Sun, Aug 16, 2020, 2:34 PM UTC

paul_f wrote: post #19

Mediterraneo10 wrote: post #12

Earlier quoted context omitted.

Wouldn't remote working actually make hipsters across the country free to move to a city that has a brand that resonates with them?

New York is not built on taxes collected from hipsters.

The era when some of New York City (even parts of Manhattan) had substandard public services didn't stop hipsters moving there. A city might not be corporately "thriving" with a tax base of such residents, but due to the power of its brand the city can still draw alternative young people and keep the legacy of art and culture going.

Re: Altucher: NYC Is Dead Forever

#23

Post by jmeister » Sun, Aug 16, 2020, 3:22 PM UTC

AtlasBarfed wrote: post #17

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…

Please keep up with the times.

Early 00s was “9/11 is an inside job”.

10s was “Goldman is a vampire”.

In 2020 it’s “Hollywood perverts and the CIA control the culture and program the people”.

Re: Altucher: NYC Is Dead Forever

#24

Post by 3327 » Sun, Aug 16, 2020, 3:36 PM UTC

gridlockd wrote: post #5

3327 wrote: post #2

This poor person is broken, clearly he has a rough time and is a defeatist. I try to never hire defeatists into my companies and screen for them. the pendelum will swing back and corporates will see that culture and office also matters.

Maybe, but sometimes change is permanent and cities lose their elevated status forever. History is rife with examples.

Of course, history is full of such examples.

Calling timing is hard, he may be right but it may not be this time round.

Re: Altucher: NYC Is Dead Forever

#25

Post by greghausheer » Sun, Aug 16, 2020, 3:44 PM UTC

Please note that this article was written by the "Bitcoin" guy.

https://finance.yahoo.com/news/meet-man-behind-bitcoin-geniu...

I wouldn't take anything he says seriously. There's probably a buck in it for him to flip to write something like this.

Re: Altucher: NYC Is Dead Forever

#26

Post by CydeWeys » Sun, Aug 16, 2020, 3:44 PM UTC

gridlockd wrote: post #9

kuang_eleven wrote: post #8

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.

> NYC is dead right now.

It's really not though. Where are you coming up with that? I live in Manhattan and spent the day walking around outside yesterday doing various things and it was very much not dead. There were people out and about everywhere doing things, patronizing businesses, etc.

What makes you think it's "dead"?

Re: Altucher: NYC Is Dead Forever

#27

Post by CydeWeys » Sun, Aug 16, 2020, 3:54 PM UTC

This guy can't see past the end of the pandemic and on that basis alone is declaring NYC dead forever?? What a garbage article.

Re: Altucher: NYC Is Dead Forever

#28

Post by markrages » Sun, Aug 16, 2020, 3:55 PM UTC

Netcraft confirms!

Re: Altucher: NYC Is Dead Forever

#29

Post by cddotdotslash » Sun, Aug 16, 2020, 4:19 PM UTC

I live in Manhattan and stayed put throughout the pandemic. Compared to months ago, NYC is doing quite well, culturally at least. Yesterday I took a walk from midtown to FiDi and back. Restaurants were open, diners were enjoying outdoor seating, families were out and about, stores were open, bikers were biking, and it really felt like something was back to some semblance of "normal." Not to mention that compared to the rest of the country, it feels like we've passed the worst of the pandemic storm.

There is a whole other financial issue affecting the city right now, however. Tax income is going to drop off a cliff, many stores have closed, and some percentage of wealthy people may leave, which will force the government to confront its sky-high spending and investments in social programs.

NYC will certainly look different, and may take several years to fully recover, but I think declaring it dead at the height of a globe-altering pandemic is premature.

Re: Altucher: NYC Is Dead Forever

#30

Post by robjan » Sun, Aug 16, 2020, 4:37 PM UTC

beamatronic wrote: post #11

gridlockd wrote: post #9

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?”

New York is desirable because of the other people and businesses in New York as well as being one of the cultural capitals of the world. Those can't be replaced by Zoom calls, no matter how hard we try.