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Cuomo pushes employers to force their employees return to NYC

foxbusiness.com

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Re: Cuomo pushes employers to force their employees return to NYC

#21

Post by JumpCrisscross »

jessaustin wrote: post #6

How has he not been impeached already? https://nypost.com/2021/06/15/cuomo-nursing-home-order-cause... https://www.nytimes.com/2021/03/04/nyregion/cuomo-nursing-ho...

> How has he not been impeached already?

Simple answer? He's delivering on policy. Legalised weed. Election reform. Ex-convict rights reforms. New tax package. Much of this was gridlocked. Magically, the grease hit the wheels when impeachment came into focus.

None of this will win him another term. But he's functionally useful and not showing signs of becoming an albatross on the party.

Re: Cuomo pushes employers to force their employees return to NYC

#22

Post by giantg2 »

ezekg wrote: post #17
jessaustin wrote: post #6

How has he not been impeached already? https://nypost.com/2021/06/15/cuomo-nursing-home-order-cause... https://www.nytimes.com/2021/03/04/nyregion/cuomo-nursing-ho...

Honestly, I was pointing out these "conspiracy theories" back in 2020 and nobody cared then and frankly nobody cares now. Complacency and apathy of The People -- that's how he's not impeached. The same goes for many other representatives.

I would add that it's mostly tribalism and avoiding cognitive dissonance. Democrats were calling for Desantis' head because he was thought to be cooking the numbers. Republicans are calling for Coumo's head because he was cooking the numbers. In general, people ignore things that don't fit, and seek out things that do fit, their existing world view.

Re: Cuomo pushes employers to force their employees return to NYC

#23

Post by Akronymus »

mshanowitz wrote: post #18
ezekg wrote: post #17

Earlier quoted context omitted.

Honestly, I was pointing out these "conspiracy theories" back in 2020 and nobody cared then and frankly nobody cares now. Complacency and apathy of The People -- that's how he's not impeached. The same goes for many other representatives.

Are you implying that the NY Times is promoting conspiracy theories?

Rather implying that these were called conspiracy theories until no longer convenient to hide them.

Re: Cuomo pushes employers to force their employees return to NYC

#24

Post by SmellTheGlove »

Animats wrote: post #20
Animats wrote: post #13

"Remember, we have to get people back and we have to get people back in volume. If you were to see a 15% decline of people coming back to New York City, that would have a devastating impact on the commercial market," Cuomo said. He means the commercial real estate market. Remote work is terrifying to NYC commercial landlords. Right now, about 17% of NYC commercial real estate is on the market as vacant. A lot more is…

Update: 19% vacant, per NYT. 21% in downtown Manhattan. "A third of leases at large Manhattan buildings will expire over the next three years, according to CBRE, a commercial real estate services company, and companies have made clear they will need significantly less space." Yet there's still 14 million square feet of commercial space under construction. Anyone need a spare skyscraper?

I mean, NYC rents are still through the roof. They could build out housing in these tall empty spaces.

Re: Cuomo pushes employers to force their employees return to NYC

#25

Post by nemo44x »

It’s not only shops that make a living on commuters but also, very importantly, tax payers. If you live in NJ or CN and commute to an office in NYC then you pay state income tax to NY - which has a higher marginal rate than it’s neighbors. But if you have an arrangement where you work from home then you no longer have to pay taxes to NY. Also, people that live in NYC because they don’t want to commute have an additional (not insignificant!) NYC resident tax so if you move out that’s again more tax revenue lost.

It will be in the many billions.

Re: Cuomo pushes employers to force their employees return to NYC

#26

Post by bradleyjg »

Animats wrote: post #13

"Remember, we have to get people back and we have to get people back in volume. If you were to see a 15% decline of people coming back to New York City, that would have a devastating impact on the commercial market," Cuomo said. He means the commercial real estate market. Remote work is terrifying to NYC commercial landlords. Right now, about 17% of NYC commercial real estate is on the market as vacant. A lot more is…

> NYC commercial landlords

It’s difficult to overstate the political influence these landlords and especially the associated developers wield in NYC and NYS politics.

Re: Cuomo pushes employers to force their employees return to NYC

#27

Post by giantg2 »

SmellTheGlove wrote: post #24
Animats wrote: post #20

Earlier quoted context omitted.

Update: 19% vacant, per NYT. 21% in downtown Manhattan. "A third of leases at large Manhattan buildings will expire over the next three years, according to CBRE, a commercial real estate services company, and companies have made clear they will need significantly less space." Yet there's still 14 million square feet of commercial space under construction. Anyone need a spare skyscraper?

I mean, NYC rents are still through the roof. They could build out housing in these tall empty spaces.

That was my thought, but I'm guessing the retrofit would be really expensive.

Re: Cuomo pushes employers to force their employees return to NYC

#28

Post by bradleyjg »

sfe22 wrote: post #11

So, suddenly, lowering carbon emissions isn’t that important anymore

Getting people working in NYC is probably good for reducing carbon emissions. Even working from home few places in the country are people going to be carless and certainly are less likely to live in environmentally friendly housing.

Re: Cuomo pushes employers to force their employees return to NYC

#29

Post by Metricon »

Animats wrote: post #13

"Remember, we have to get people back and we have to get people back in volume. If you were to see a 15% decline of people coming back to New York City, that would have a devastating impact on the commercial market," Cuomo said. He means the commercial real estate market. Remote work is terrifying to NYC commercial landlords. Right now, about 17% of NYC commercial real estate is on the market as vacant. A lot more is…

A relevant, though long video on the subject from Louis Rossmann:

West Midtown Manhattan's businesses are going, going, gone.... https://www.youtube.com/watch?v=5kPhbiuDo6I

Re: Cuomo pushes employers to force their employees return to NYC

#30

Post by fnord77 »

misiti3780 wrote: post #9
jessaustin wrote: post #6

How has he not been impeached already? https://nypost.com/2021/06/15/cuomo-nursing-home-order-cause... https://www.nytimes.com/2021/03/04/nyregion/cuomo-nursing-ho...

The same reason SF elected Chesa Boudin. NY's best days are behind it.

Chesa got 14% of the vote. And my gut feeling on city sentiment is right, he’s going to get recalled.
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