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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

#91

Post by simonh »

saiya-jin wrote: post #80
ajsnigrutin wrote: post #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…

Not that I disagree much, apart from one thing - that places like NY have 'everything'. If you like nature, mountains, adrenaline sports, weekend adventures without crazy commute, then NY has none. Irrelevant to some, but folks like me couldn't be bothered to even consider it even if my take home salary went 10x.

If I could work in NY for 5 years and could earn 50 years worth of income and literally retire for life afterwards? I think I could find a way to bear it.

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

#92

Post by siquick »

I haven't been to my office in the city center since March and it feels so much better to be spending my money on local businesses in my area than it does in a lot of the faceless corporate businesses in the city.

I've lived in this area for almost 3 years and feel far more connected to my area because of COVID.

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

#93

Post by dashundchen »

saiya-jin wrote: post #80
ajsnigrutin wrote: post #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…

Not that I disagree much, apart from one thing - that places like NY have 'everything'. If you like nature, mountains, adrenaline sports, weekend adventures without crazy commute, then NY has none. Irrelevant to some, but folks like me couldn't be bothered to even consider it even if my take home salary went 10x.

I mean, the Adirondacks and Vermont are pretty amazing and are a weekend trip's distance away from New York. You can even reach them by daily Amtrak from New York. Poconos aren't very far either.

And I've never been to Long Island but it would seem there's plenty of beach/natural shoreline.

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

#94

Post by Merman_Mike »

medium_burrito wrote: post #86
jokethrowaway wrote: post #64

Earlier quoted context omitted.

That's an interesting point of view Don't you think it's exactly the high taxes that give space for corruption and incompetence? Once you accumulate a large pool of money (especially if it's someone else money), the larger the pool, the easier it is to waste it. We see it with governments, big tech companies, VC funded startups, even when pooling money for a road trip with friends. I think the enemy is human nature a…

Everything gives room for corruption and incompetence. The problem is the US has some of the most incompetent government on a local level in the developed world. Part of it is American individualism, part of it is the Republican party starving the beast, part of it is the government as a giant jobs program. There is no reason we cannot have competent civil servants, long term planning, clean cities, etc. I'm complete…

> There is no reason we cannot have competent civil servants, long term planning, clean cities, etc.

I agree absolutely. That's what makes it so frustrating.

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

#95

Post by db48x »

sneak wrote: post #49
db48x wrote: post #6

Earlier quoted context omitted.

Your cell phone company sells it to whoever wants it.

They're supposed to have stopped, but I'm not sure I believe it. https://www.wired.com/story/fcc-fines-wireless-companies-sel...

They can and do still sell information about their customers, but they've promised that they have implemented reasonable safeguards.

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

#96

Post by medium_burrito »

john_moscow wrote: post #50

I think, this highlights a bigger problem. You can very roughly split people's mindsets into 2 groups: * Long-termers. They don't mind delayed gratification. They like planning and saving for the future. Most have complex multi-year degrees or have business experience. They are generally happy with life and want to teach their ways to their kids. What they want from the political environment is a clear set of rules (…

I think you have it backwards: Circumstances drive mindset, to large degree.

If I have a comfortable middle class job, and the assurance of keeping it for a long time, knowing I won't be laid off to pad 3rd quarter results, or forced to train my offshored replacement, yeah, I'll be much happier and satisfied with life.

The mindset change you describe is the direct result of a shrinking class and a generation of entrants to workforce with no expectations of permanence from the employer, and big expectations of being automated out of a job. It's hard to think long term when this is your life.

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

#97

Post by deeeeplearning »

TuringNYC wrote: post #74
ajsnigrutin wrote: post #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…

NYC is costly, but not as costly as people think. The lifestyle is also different. 1. Most of my life in NY (pre children), we had no car, no car insurance, no parking, and rare taxis (and before our current mayor, subways worked very, very well, I rarely considered taxis.) 2. Property taxes are comparatively low to other states 3. Access to culture is widespread and cheaper than people think -- there are subsidized…

>NYC is costly, but not as costly as people think

Oh come on, it's among the most expensive places to live in the world by almost any metric. Rent? Probably top 5 most expensive in the world. Groceries? Among the most expensive in the world. Restaurants? Among the most expensive in the world. This is bare necessities. It's not as if people in Raleigh are spending massive portions of their budget on "Culture" that somehow NYC makes up for it.

>2. Property taxes are comparatively low to other states

Good luck buying in NYC... Not to mention some of the highest income taxes in the US.

Pick your source:

https://www.numbeo.com/cost-of-living/rankings_current.jsp

https://www.cnn.com/travel/article/worlds-most-expensive-cit...

https://www.mercer.com/newsroom/2020-cost-of-living.html

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

#98

Post by macinjosh »

j2bax wrote: post #10
economusty wrote: post #4

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...

I read through your source and it is non-obvious how it is relevant as a whole. It really just seems like a rationalization for a specific view point. The methodology is completely arbitrary. They just assigned seemingly whatever weights they wanted to a handful of loosely related statistical figures. I am not even sure WTH "wallethub" is anyway. It is essentially bullshit.

Also even if state X gets more federal $$ than state Y it is not useful information as each state is completely unique geographically, demographically, industrially, strategically, etc. So there are endless legitimate reasons money might be spent in one place over another.

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

#99

Post by ajsnigrutin »

deeeeplearning wrote: post #97
TuringNYC wrote: post #74

Earlier quoted context omitted.

NYC is costly, but not as costly as people think. The lifestyle is also different. 1. Most of my life in NY (pre children), we had no car, no car insurance, no parking, and rare taxis (and before our current mayor, subways worked very, very well, I rarely considered taxis.) 2. Property taxes are comparatively low to other states 3. Access to culture is widespread and cheaper than people think -- there are subsidized…

>NYC is costly, but not as costly as people think Oh come on, it's among the most expensive places to live in the world by almost any metric. Rent? Probably top 5 most expensive in the world. Groceries? Among the most expensive in the world. Restaurants? Among the most expensive in the world. This is bare necessities. It's not as if people in Raleigh are spending massive portions of their budget on "Culture" that som…

+ proposed $3 tax for every package ordered :) ..because you can't buy anything "non essential" locally, because everything is closed...

https://abc7ny.com/package-surcharge-nyc-extra-fee-for-deliv...

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

#100

Post by momokoko »

jere wrote: post #15

>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 $87…

I sincerely want to know who can afford to live in Tribeca on $140k per year. Let alone $84k.

I wouldn’t put too much weight into this data.

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