Hacker News Board Hacker News, browsed like a classic message board
Live data from Hacker News

The changing face of post-pandemic New York City

osc.ny.gov

Post reply on HN
Print view View original

41–50 of 391 posts

Re: The changing face of post-pandemic New York City

#41

Post by toomuchtodo »

dopamean wrote: post #34
mikeyouse wrote: post #17

Earlier quoted context omitted.

About twice as many people moved from NYC to CT/PA/NJ as moved to Florida -- which makes sense given that the people moving out are generally poorer than average and long-distance moves are expensive.

And they probably don't want to leave the area. It's difficult to leave a network (familial or professional) behind. I'd love to know how many people who made that move made it to start a family.

Ahh! This would be a cool longitudinal study for the census to follow up with. Asking “Did you move to form a family because where you left was too expensive?” but also observing the revealed preference (did they actually have a kid or kids after moving).

Re: The changing face of post-pandemic New York City

#42

Post by CydeWeys »

4death4 wrote: post #24
cglan wrote: post #12

I live in NYC. The problem is that there’s literally 0 housing. That’s it. Literally so many people want to move here, but you look on all of streeteasy on a given day and there’s like 500 apartments. In a city of millions. Sure you can pay more and get something. But it used to be that you traded a lot of quality of life (in unit washer dryer, dishwasher, ac, no walkups, cars, space, etc) for a lower price and the s…

This would make sense if the population growth was increasing but at a slower rate. But, the population is actively declining. Somehow, 5.3% of people went from having housing to leaving, so I don’t think housing is the only story here.

There's absolutely a housing shortage. Fewer people living in one unit is how you get a shrinking population while the housing supply remains static.

And rent control exacerbates it, as you have literally over a million people that are a "locked into" their below-market rate units and can never leave because they'll never find anything that cheap elsewhere, regardless of whether they still need that much space. My great aunt for example is 101 years old and lives in a 3 bedroom apartment in Queens. 50 years ago there were 4 people living in that apartment (including her husband and her kids, all now dead).

Plus there's the issue of renovations/demolitions that remove units and replace them with a smaller number of more expensive units.

Re: The changing face of post-pandemic New York City

#43

Post by ylhert »

cglan wrote: post #12

I live in NYC. The problem is that there’s literally 0 housing. That’s it. Literally so many people want to move here, but you look on all of streeteasy on a given day and there’s like 500 apartments. In a city of millions. Sure you can pay more and get something. But it used to be that you traded a lot of quality of life (in unit washer dryer, dishwasher, ac, no walkups, cars, space, etc) for a lower price and the s…

[flagged]

Re: The changing face of post-pandemic New York City

#44

Post by thehappypm »

shortrounddev2 wrote: post #22
cglan wrote: post #12

I live in NYC. The problem is that there’s literally 0 housing. That’s it. Literally so many people want to move here, but you look on all of streeteasy on a given day and there’s like 500 apartments. In a city of millions. Sure you can pay more and get something. But it used to be that you traded a lot of quality of life (in unit washer dryer, dishwasher, ac, no walkups, cars, space, etc) for a lower price and the s…

And new york decides the best way to solve this problem is to irrationally ban short term rentals rather than just building more housing

NYC is insanely dense already. “Just build more housing” isn’t really viable.

Re: The changing face of post-pandemic New York City

#45

Post by doctorpangloss »

cglan wrote: post #12

I live in NYC. The problem is that there’s literally 0 housing. That’s it. Literally so many people want to move here, but you look on all of streeteasy on a given day and there’s like 500 apartments. In a city of millions. Sure you can pay more and get something. But it used to be that you traded a lot of quality of life (in unit washer dryer, dishwasher, ac, no walkups, cars, space, etc) for a lower price and the s…

> Sure you can pay more and get something. But it used to be that you traded a lot of quality of life (in unit washer dryer, dishwasher, ac, no walkups, cars, space, etc) for a lower price and the social aspects of living in a city.

On the other hand, if "every" landlord "just" asks for more, what the fuck is anyone going to do about it?

Re: The changing face of post-pandemic New York City

#46

Post by PedroBatista »

luxurytent wrote: post #14

Cities are amazingly resilient and it feels like every generation has a moment in which the city largest and most local to them is having a revival. Seems most large metros are going through some post-COVID pains: Increase in crime, extreme high cost of living, etc. New York will, like always, come back. But! The benefit to our mid size cities is great. We need these mid size cities to grow, and from my understanding…

I think most of the "post-COVID" pains are actually much worse because they come from culture and macro-economic consequences, aka "chickens come home to roost".

There seems to be general feeling that stealing stuff and robing people are only bad if you get caught and even when you get caught the are little to no consequences. Forgetting the politicization of this for a while, this type of stuff is one of the worse cancers for society, even if "nobody says nothing", they know and think and they will vote with their feet. Detroit type situations are not really that far for some cities. I don't think this applies to NYC but I wouldn't bet my life on it.

Re: The changing face of post-pandemic New York City

#47

Post by CydeWeys »

bequanna wrote: post #21
cglan wrote: post #12

I live in NYC. The problem is that there’s literally 0 housing. That’s it. Literally so many people want to move here, but you look on all of streeteasy on a given day and there’s like 500 apartments. In a city of millions. Sure you can pay more and get something. But it used to be that you traded a lot of quality of life (in unit washer dryer, dishwasher, ac, no walkups, cars, space, etc) for a lower price and the s…

> It’s still great. I’ve been to NYC many times and have friends in their late 30s that live there. The ones that live there say the same (“it’s great”) but never elaborate. From the outside, it honestly looks like a dirty, difficult, chaotic city. Many restaurants, but all seem to be copy+paste coffee shop, Italian, etc or very low quality cafe/deli. Coming from the Midwest, it feels very old, dirty and poor yet som…

It's entirely possible that you aren't missing anything, that you aren't cut out for this kind of living. But many people are and find it highly desirable, many millions more than can currently afford to live here.

Also, I moved here for a job at a FANG. This is a top tier tech city, with salaries matched only by the Bay Area and Seattle. Compared to those other two I find NYC obviously superior.

Re: The changing face of post-pandemic New York City

#48

Post by 9question1 »

4death4 wrote: post #24
cglan wrote: post #12

I live in NYC. The problem is that there’s literally 0 housing. That’s it. Literally so many people want to move here, but you look on all of streeteasy on a given day and there’s like 500 apartments. In a city of millions. Sure you can pay more and get something. But it used to be that you traded a lot of quality of life (in unit washer dryer, dishwasher, ac, no walkups, cars, space, etc) for a lower price and the s…

This would make sense if the population growth was increasing but at a slower rate. But, the population is actively declining. Somehow, 5.3% of people went from having housing to leaving, so I don’t think housing is the only story here.

This is true when housing demand is controlled entirely by how many people live in the area. However, large metro hubs like NYC and London have a larger percentage of the housing supply consumed by rich people who buy part-time housing so they have somewhere nice to crash when they visit once in a while, or so they have somewhere nice for tourists to crash where they can make money off Airbnb. In that context, net emigration does not necessarily rule out a tight housing supply.

Re: The changing face of post-pandemic New York City

#50

Post by varispeed »

phailhaus wrote: post #30
shortrounddev2 wrote: post #22

Earlier quoted context omitted.

And new york decides the best way to solve this problem is to irrationally ban short term rentals rather than just building more housing

If you don't ban short-term rentals and just build housing, how does that fix the problem? People will buy it up and just put it on AirBnB.

Supply and demand.

At one point there should be enough supply that AirBnB will bring too little profit for people to be bothered.

Things like AirBnB work precisely because the supply is constrained.

Post reply on HN