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Altucher: NYC Is Dead Forever

jamesaltucher.com

31–40 of 43 posts

Re: Altucher: NYC Is Dead Forever

#33
post #30

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?”

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.

It's more nuanced than that. Not every meeting can be replaced by a Zoom call, but many can. And each time that decision is made, it's less flights, hotels, dining etc being spent in NYC.

Re: Altucher: NYC Is Dead Forever

#34

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.

optimistically i hope this whole thing will serve as a highly aggressive market correction that will help to make cities livable again. it will be interesting to see just how much of a driver culture and food really are when you don't need to live within the same 15 miles as 8 million other people in order to become wealthy or build a career. but for the love of god new yorkers, please go back to nyc none of you know how to drive. also please take the californians with you.

Re: Altucher: NYC Is Dead Forever

#35

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 t…

There is also this issue of skyrocketing violent crime that many people are choosing to ignore. As an older person who lived through the "bad old days" of NYC in the 70s, 80s, and early 90s what's happening today is, unfortunately, very reminiscent. The pandemic aside, the utter and total leadership failures of Deblasio and the City Council have led us to where we are. The NYC that many people have come to know and enjoy for the last 25 years is sliding back into a very different kind of city, with our "leaders" doing absolutely nothing to address the issue.

https://gothamist.com/news/49-people-shot-72-hours-wave-gun-...

Re: Altucher: NYC Is Dead Forever

#36
Two obligatory comments:

1. Manhattan is not NYC. There are five, count them, five boroughs. Didn’t Johnny T on Glove and Boots teach you numbskulls nothin’? Manhattan is one borough. The author would probably wet his pants if he stepped into Brooklyn, and require a full adult diaper if he found himself on Staten Island. (Exaggeration for humorous effect, but he should know better.)

2. The “how dare you kick my dog, he’s great" posts that show up when NYC is disparaged are par for the course here. They show an admirable love and loyalty for Manhattan and, who knows, they may have read about the Bronx in a book somewhere. There will always be a Manhattan unless they tow it out to sea and sink it. (Imagine the Environmental Impact Statement for that project.) Will the Manhattan of the mid and late 1900s still be around? Paris still thrives, but does the Paris of the 1920s still exist?

3. Waiting for the inevitable dumping on New Jersey that happens when NYC starts getting insecure...

Re: Altucher: NYC Is Dead Forever

#38

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…

>Rents are down, so that will eventually attract people back.

Rents themselves don't attract people. Jobs do. Many jobs now don't require people to be physically present in a large city.

Re: Altucher: NYC Is Dead Forever

#39

Earlier quoted context omitted.

He’s not some random guy.

He’s nobody to me. Also his writing is very poor and full of histrionics. He should take a class somewhere.

That leaves the question of who you are and why your opinion matters then. You could be a rogue GPT-3 experiment for all any of us know.

Re: Altucher: NYC Is Dead Forever

#40

Earlier quoted context omitted.

He’s nobody to me. Also his writing is very poor and full of histrionics. He should take a class somewhere.

That leaves the question of who you are and why your opinion matters then. You could be a rogue GPT-3 experiment for all any of us know.

At least I’m not out there writing condescending blog posts where I bloviate about cities ceasing to exist. Gimme a break.
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