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

reuters.com

31–40 of 174 posts

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

#31
How will SpaceX’s Starlink increase the trend to work-from-home or do remote work?

If you can develop software, or write your blog, from a remote island, at the edge of a (dormant) volcano (aka: extreme remoters), then why not? Or from any rural farmland area of the country.

Just video call into your daily Zoom Standup Meeting.

How’s the latency of it?

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

#32

3.57 million people left New York City this year to live out their lives in comfort someplace else, and then 3.5 million people hungry for opportunity arrived to take their place. I hope to see similar results in San Francisco.

Theres not an infinite amount of rich and successful people 1% of NYC population pays 50% of taxes. These people aren't replaceable.

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

#33
post #10

Remember which political party runs the city.

While we are at it, lets remember which political party runs the areas that are most dependent on the government. Source: https://wallethub.com/edu/most-independent-states/36426#main...

Does this take into account federal loans and grants for infrastructure spending which is higher in urban areas? Probably not. Does it take into account that many left leaning states like NJ have completely bankrupt pension systems that will need to be rescued at the federal level? Probably not. Also looks like NY scores 38th on gov dependency out of 50 which isnt exactly great. And going back to national highway system assistance, Cali has got to be #1 in receiving federal funds.

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

#34

3.57 million people left New York City this year to live out their lives in comfort someplace else, and then 3.5 million people hungry for opportunity arrived to take their place. I hope to see similar results in San Francisco.

There's no way this is correct. I live in NYC and this would represent a turn-over of nearly half of our population. It's simply not true. The study is wrong:

> 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. Some 3.5 million people earning lower average incomes moved into the city during that same period, the report showed.

Questionable methodology that clearly yielded incorrect results.

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

#36

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.

I heard a talk once from some guy working for a company who analyzes this data (it had something to do with transportation of people; where it would be most efficient to have a new bus route and such), some of the regulations are actually rather interesting (Europe). E.g., location-specific data is not allowed to be sold if the amount of data points is below a given threshold, to avoid de-anonymization scenarios such as the one you have mentioned. Granted, I have no idea how well the regulations actually work, but it did sound as if quite a bit of thought went into it.

Thinking about this, I wonder if companies providing smartphone apps with invasive tracking are upheld to the same standards...

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

#37
post #28
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?

>Why should we sympathize with a minority of rent-seekers? I don't really think this is about sympathizing with rent-seekers. Cities invest in infrastructure to cover anticipated service delivery well before it's due, and the financing for doing so is a multi-decade affair. Before you complain, this includes things like providing running water, roads that are paved, etc. Really core essential pieces of making a city…

"While the US is very young "....

What's that? By what measure? It's one of the oldest continuous governments out there.

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

#38
Louis Rossman said it in many of his recent videos.... new york has everything, but also costs alot. You have cinemas, broadway, restaurants, everything.... and you pay for that privilige.

Now, when all that is closed, you have only the "bad" parts (the homeless, crime, noise, bad smells... all that with a "premium price")... so, why stay?

Poor people have no jobs, have to move out.... rich people don't have anything to do there, and move out because they can.

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

#39
Another case of lower income groups responding strongly to financial incentives and higher income groups responding to quality of life incentives. Lower income renters see a discount to be had, higher income renters see an opportunity to get higher quality housing with more space.

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

#40
post #17

Earlier quoted context omitted.

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/

Thanks, this is exactly what I was thinking about, glad someone did an actual study.
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