New York City - does it have a future?
- armchairlawyer
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New York City - does it have a future?
This artcile explains why the mismanagement of the city and the effects of Covid on office occupancy makes the future look gloomy.
Not sure if you have to register (free) to read the article.
https://app.hedgeye.com/insights/107642 ... oming-back
Not sure if you have to register (free) to read the article.
https://app.hedgeye.com/insights/107642 ... oming-back
Re: New York City - does it have a future?
I don't have time to read the article right now but I think we're witnessing the death of many things we always took for granted. The world is changing very quickly. Covid has shown everyone just how much can be done online from the comfort of their own homes, from shopping to work to socialising... it has also laid bare to many people just how soul destroying their work was and despite Covid beginning to come to an end, people just aren't prepared to go back to how life was before. A record number of people have quit their jobs, especially the lower paid jobs, as they seek a better quality of life or at least a better work / life balance. Shops and offices are closing everywhere as the world of work and shopping has moved online.
New York has been particularly badly hit but I think it's a sign of things to come for pretty much everywhere.
New York has been particularly badly hit but I think it's a sign of things to come for pretty much everywhere.
The difference between animals and humans is that animals would never allow the dumb ones to lead the pack.
Re: New York City - does it have a future?
It seems these large loans of high value real estate assets must maintain a maximum LTV ratio, otherwise a default occurs.armchairlawyer wrote: ↑Fri Nov 12, 2021 1:35 pm This artcile explains why the mismanagement of the city and the effects of Covid on office occupancy makes the future look gloomy.
Not sure if you have to register (free) to read the article.
https://app.hedgeye.com/insights/107642 ... oming-back
Can you imagine owning an apartment block in New York City, with a 50% LTV mortgage at very low rates in 2019, and being told in 2021 that your property company is now insolvent because your loan just hit 70% LTV despite you making all the monthly payments?
I wonder if Donald Trump is in trouble again?
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Re: New York City - does it have a future?
Shopping, working and socializing from home, what a fucking miserable existence for people. Computers and the internet are slowly but surely bringing the end of humanity.xandreu wrote: ↑Fri Nov 12, 2021 1:55 pm I don't have time to read the article right now but I think we're witnessing the death of many things we always took for granted. The world is changing very quickly. Covid has shown everyone just how much can be done online from the comfort of their own homes, from shopping to work to socialising... it has also laid bare to many people just how soul destroying their work was and despite Covid beginning to come to an end, people just aren't prepared to go back to how life was before. A record number of people have quit their jobs, especially the lower paid jobs, as they seek a better quality of life or at least a better work / life balance. Shops and offices are closing everywhere as the world of work and shopping has moved online.
New York has been particularly badly hit but I think it's a sign of things to come for pretty much everywhere.
At least those empty tall buildings in New York will come in handy for folk to throw themselves off.
Re: New York City - does it have a future?
I know what you mean. But it does have it's pros as well as cons. Have you never wanted to just simply press a button and switch someone off?Chad Sexington wrote: ↑Thu Nov 18, 2021 11:19 amShopping, working and socializing from home, what a fucking miserable existence for people. Computers and the internet are slowly but surely bringing the end of humanity.xandreu wrote: ↑Fri Nov 12, 2021 1:55 pm I don't have time to read the article right now but I think we're witnessing the death of many things we always took for granted. The world is changing very quickly. Covid has shown everyone just how much can be done online from the comfort of their own homes, from shopping to work to socialising... it has also laid bare to many people just how soul destroying their work was and despite Covid beginning to come to an end, people just aren't prepared to go back to how life was before. A record number of people have quit their jobs, especially the lower paid jobs, as they seek a better quality of life or at least a better work / life balance. Shops and offices are closing everywhere as the world of work and shopping has moved online.
New York has been particularly badly hit but I think it's a sign of things to come for pretty much everywhere.
At least those empty tall buildings in New York will come in handy for folk to throw themselves off.
The difference between animals and humans is that animals would never allow the dumb ones to lead the pack.
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Re: New York City - does it have a future?
Nope, because when you’re interacting with “live” people face to face, they (and you) are more likely to be respectful of each other, and if not, you can just turn around and walk away (or ask them to leave) if they bother you that much.xandreu wrote: ↑Thu Nov 18, 2021 12:48 pmI know what you mean. But it does have it's pros as well as cons. Have you never wanted to just simply press a button and switch someone off?Chad Sexington wrote: ↑Thu Nov 18, 2021 11:19 amShopping, working and socializing from home, what a fucking miserable existence for people. Computers and the internet are slowly but surely bringing the end of humanity.xandreu wrote: ↑Fri Nov 12, 2021 1:55 pm I don't have time to read the article right now but I think we're witnessing the death of many things we always took for granted. The world is changing very quickly. Covid has shown everyone just how much can be done online from the comfort of their own homes, from shopping to work to socialising... it has also laid bare to many people just how soul destroying their work was and despite Covid beginning to come to an end, people just aren't prepared to go back to how life was before. A record number of people have quit their jobs, especially the lower paid jobs, as they seek a better quality of life or at least a better work / life balance. Shops and offices are closing everywhere as the world of work and shopping has moved online.
New York has been particularly badly hit but I think it's a sign of things to come for pretty much everywhere.
At least those empty tall buildings in New York will come in handy for folk to throw themselves off.
Plus when you mainly deal with real people in that way, total strangers are way less likely to be overly familiar with you, asking to be your friend even though they barely know who you are (they are also far less likely to be aggressive/threatening to you, unlike keyboard warriors)
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