You don't live there either. Never claimed to be an NYC expert but do have ties and access. Mom lives on Long Island, most extended family is around there, went to school in CT, college friends and family live and work in the city, some I talk to on a group chat daily. Could probably get a better pulse of what is actually happening there than you by end of day. We aren't talking decades, we are talking last few years. Things change. Crime has gotten considerably worse and there has been a large migration to tax friendly, safer and less draconian states. Just like SF isn't remotely close to the same city as 10yrs ago. Just like your mom makes you do chores for your allowance now.It’s always people who don’t live or work in NYC that have the strongest opinions about it, exposing themselves as ideologues. If NYC were in destitute they wouldn’t be building like they are on every corner of the city.
The reality is that almost everyone who “leaves” NYC actually moves to New Jersey, Connecticut, Pennsylvania, or Florida (for retirement ). For California, it has had positive high income and high net worth in-migration for decades. The housing market is on fire on both coasts. But don’t let the facts derail your ideology.
This is a strawman argument. “Mismanagement of funds” is not the reason why densely populated cities need more resources. Let us repeat:
I live in California, the real estate market isn't "on fire". Commercial and rents starting to get smoked especially bay area. Housing volume has gone down considerably since over a year ago. Crime is up considerably. You literally just make things up. I actually know people who work in these industries.
You just spit out a lot of word vomit without actually saying anything. No substance. You say some fancy catch words. Braindead.
Bloomberg - Are you a robot?
www.bloomberg.com
Lowering downtown SF real estate values could have 'profound impacts' on city budget, official says
The situation in downtown San Francisco has become dire as tech companies move toward remote work. Supervisor Aaron Peskin says the money is already tight - this year the budget is projected to be slashed by a quarter of a billion dollars.
abc7news.com
Morgan Stanley analysts see a fall for commercial real estate 'worse than in the Great Financial Crisis'—BofA disagrees for 3 key reasons
Bank of America: "We conclude that the [CRE] challenges are real and significant, but…they are manageable and do not represent a systemic risk to the U.S. economy."
fortune.com
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