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Fleeing New Yorkers resulted in an estimated $34B in lost income – study

reuters.com

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Re: Fleeing New Yorkers resulted in an estimated $34B in lost income – study

#11

Post by iso8859-1 »

hn_throwaway_99 wrote: post #3

I've been seeing more of these types of stories with a line like this: > About 3.57 million people left New York City this year between Jan. 1 and Dec. 7, according to Unacast, which analyzed anonymized cell phone location data. Sorry, but I don't really trust the "anonymized" very much. Why should some company I've never heard of have access to my cell phone location data in the first place.

The fact that you don't like it, does not mean that there are not people with access to IMEI numbers. Actually, it would be weird if there wasn't since it could be useful for research like this.

So why do you not trust it? You're only explaining how you disagree.

Re: Fleeing New Yorkers resulted in an estimated $34B in lost income – study

#12

Post by threatofrain »

sqrt17 wrote: post #5

How about: US citizens saved $34B by not having to stay in the highest COL areas? Why should we sympathize with a minority of rent-seekers?

We don't have to sympathize with rent-seekers necessarily, but I would wonder if the rest of the city can move as adaptively to wherever opportunity beckons, and whether NY can downscale their city services accordingly.

Re: Fleeing New Yorkers resulted in an estimated $34B in lost income – study

#13

Post by smt88 »

economusty wrote: post #4

Remember which political party runs the city.

"[Other place] is better than New York during a pandemic lockdown" is not a ringing endorsement of [other place].

It will be interesting to see what happens to NYC's population after the pandemic. I suspect most of the change will have been temporary.

Also, many people fleeing northern cities and California are ending up in Southern cities, which are (spoiler alert) run by the same party.

Re: Fleeing New Yorkers resulted in an estimated $34B in lost income – study

#14

Post by Raphmedia »

hn_throwaway_99 wrote: post #3

I've been seeing more of these types of stories with a line like this: > About 3.57 million people left New York City this year between Jan. 1 and Dec. 7, according to Unacast, which analyzed anonymized cell phone location data. Sorry, but I don't really trust the "anonymized" very much. Why should some company I've never heard of have access to my cell phone location data in the first place.

It is anonymized in the sense that they can't write your name into a search feature and find your location history.

However, they could likely ask to buy the all data for "57 years old males born in february with a history of calling to Alaska every 5 days" and single you out.

Re: Fleeing New Yorkers resulted in an estimated $34B in lost income – study

#15

Post by jere »

>In Tribeca, a wealthy neighborhood in downtown Manhattan, residents who left this year earned an average income of about $140,000, Walle said. The typical person moving into the neighborhood earned an average $82,000, he said.

I was going to ask if we might call this "de-gentrification" and if that's a good thing, right? I'm sitting here in disbelief after a quick search reveals that the actual average income is $879,000. So now I'm thinking those numbers above don't mean much of anything.

https://www.businessinsider.com/tribeca-new-york-city-riches...

Re: Fleeing New Yorkers resulted in an estimated $34B in lost income – study

#17

Post by sna1l »

Raphmedia wrote: post #14
hn_throwaway_99 wrote: post #3

I've been seeing more of these types of stories with a line like this: > About 3.57 million people left New York City this year between Jan. 1 and Dec. 7, according to Unacast, which analyzed anonymized cell phone location data. Sorry, but I don't really trust the "anonymized" very much. Why should some company I've never heard of have access to my cell phone location data in the first place.

It is anonymized in the sense that they can't write your name into a search feature and find your location history. However, they could likely ask to buy the all data for "57 years old males born in february with a history of calling to Alaska every 5 days" and single you out.

https://www.wired.com/2013/03/anonymous-phone-location-data/

Re: Fleeing New Yorkers resulted in an estimated $34B in lost income – study

#18

Post by toomuchtodo »

threatofrain wrote: post #12
sqrt17 wrote: post #5

How about: US citizens saved $34B by not having to stay in the highest COL areas? Why should we sympathize with a minority of rent-seekers?

We don't have to sympathize with rent-seekers necessarily, but I would wonder if the rest of the city can move as adaptively to wherever opportunity beckons, and whether NY can downscale their city services accordingly.

It serves as a cautionary tale when your budget isn’t as agile as those who make up the tax base.

Re: Fleeing New Yorkers resulted in an estimated $34B in lost income – study

#19

Post by pushcx »

Or in context, they estimate NYC lost a net 0.8% of its residents and the average income of the incoming and outgoing cohorts differ by -$8,055/y. It multiplies to a big dollar figure because NYC is big and rich.

The original content marketing: https://global-uploads.webflow.com/5dc3e2af6a906d9cc232e1bc/...

It explains that they're extrapolating from three NYC neighborhoods (Astoria, Tribeca, and Williamsburg). I'm not an NYC expert and I'm not going to research these claims further, but I think those are quite well-off neighborhoods and not likely representative of NYC in terms of income or pandemic mobility.

This article feels like Reuters lightly rewrote an ad for Unacast.

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