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

87 点作者 0xedb超过 4 年前

19 条评论

snissn超过 4 年前
i tried to negotiate being month to month at my manhattan apt at the same rate and my land lord wouldn't accommodate me. Now the apt has been unrented for a few months and they're asking for a 10% drop in rent and probably won't get it for a long long time. happily commenting from hawaii
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Merman_Mike超过 4 年前
I permanently left NYC this year.<p>The combination of high taxes, corruption, and incompetence really wear on you after a while.<p>I&#x27;m all for high taxes in service of a strong social safety net and a well-run, modern city. I am happy to pay them. But I can&#x27;t help but feel that my taxes were being outright stolen and squandered in this city.
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ruddct超过 4 年前
&gt; About 3.57 million people left New York City this year between Jan. 1 and Dec. 7, according to Unacast, which analyzed anonymized cell phone location data. Some 3.5 million people earning lower average incomes moved into the city during that same period, the report showed.<p>Uhhh I&#x27;d take this with a HEAVY grain of salt, given that it&#x27;s based off of anonymized cell phone location data. Were this true, 40% of NYC&#x27;s population has turned over in the past year, which feels like absolute nonsense from anecdotal experience.
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jere超过 4 年前
&gt;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.<p>I was going to ask if we might call this &quot;de-gentrification&quot; and if that&#x27;s a good thing, right? I&#x27;m sitting here in disbelief after a quick search reveals that the actual average income is $879,000. So now I&#x27;m thinking those numbers above don&#x27;t mean much of anything.<p><a href="https:&#x2F;&#x2F;www.businessinsider.com&#x2F;tribeca-new-york-city-richest-neighborhood-photos-tour-2019-6" rel="nofollow">https:&#x2F;&#x2F;www.businessinsider.com&#x2F;tribeca-new-york-city-riches...</a>
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pushcx超过 4 年前
Or in context, they estimate NYC lost a net 0.8% of its residents and the average income of the incoming and outgoing cohorts differ by -$8,055&#x2F;y. It multiplies to a big dollar figure because NYC is big and rich.<p>The original content marketing: <a href="https:&#x2F;&#x2F;global-uploads.webflow.com&#x2F;5dc3e2af6a906d9cc232e1bc&#x2F;5fd7d57d5ddb801d05608297_Unacast%20Covid%20Whitepaper.pdf" rel="nofollow">https:&#x2F;&#x2F;global-uploads.webflow.com&#x2F;5dc3e2af6a906d9cc232e1bc&#x2F;...</a><p>It explains that they&#x27;re extrapolating from three NYC neighborhoods (Astoria, Tribeca, and Williamsburg). I&#x27;m not an NYC expert and I&#x27;m not going to research these claims further, but I think those are quite well-off neighborhoods and not likely representative of NYC in terms of income or pandemic mobility.<p>This article feels like Reuters lightly rewrote an ad for Unacast.
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hn_throwaway_99超过 4 年前
I&#x27;ve been seeing more of these types of stories with a line like this:<p>&gt; About 3.57 million people left New York City this year between Jan. 1 and Dec. 7, according to Unacast, which analyzed anonymized cell phone location data.<p>Sorry, but I don&#x27;t really trust the &quot;anonymized&quot; very much. Why should some company I&#x27;ve never heard of have access to my cell phone location data in the first place.
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john_moscow超过 4 年前
I think, this highlights a bigger problem. You can very roughly split people&#x27;s mindsets into 2 groups:<p>* Long-termers. They don&#x27;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 (e.g. taxes, laws backed by a truly independent court system) with minimum interference in their lives.<p>* Short-termers. They prefer instant gratification. They gather credit card debts on impulsive purchases. They live here and now don&#x27;t want the headache of long-term planning. They are usually less happy with life and expect politicians to appeal to their emotions. Recognize them through identity gestures, say great words, show attention.<p>Long-termers tend to earn more, except something in our society changed, and they are quickly becoming a dying breed. So many new social policies, especially in high-density areas, are targeting short-termers and blaming long-termers for inequity. Quite predictably, they are leaving these areas, driving the median income lower.<p>But, what&#x27;s even more alarming, the same trend is happening all over the West - the middle class of happy independent thinkers satisfied with life, is vanishing, replaced by unhappy low-earners driven by divisive tribal instincts.
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Firebrand超过 4 年前
3.57 million people left New York City this year to live out their lives in comfort someplace else, and then 3.5 million people hungry for opportunity arrived to take their place. I hope to see similar results in San Francisco.
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ajsnigrutin超过 4 年前
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.<p>Now, when all that is closed, you have only the &quot;bad&quot; parts (the homeless, crime, noise, bad smells... all that with a &quot;premium price&quot;)... so, why stay?<p>Poor people have no jobs, have to move out.... rich people don&#x27;t have anything to do there, and move out because they can.
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solidsnack9000超过 4 年前
The &quot;lost income&quot; is more than 485000 USD per person?<p><i>About 3.57 million people left New York City this year between Jan. 1 and Dec. 7 ... Some 3.5 million people earning lower average incomes moved into the city during that same period, the report showed.<p>[...]<p>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>
chickenpotpie超过 4 年前
Another case of lower income groups responding strongly to financial incentives and higher income groups responding to quality of life incentives. Lower income renters see a discount to be had, higher income renters see an opportunity to get higher quality housing with more space.
ralusek超过 4 年前
There is a reason that the people with the most aggressive social policies tend to also be the least in favor of federalism&#x2F;local politics, because of this exact problem: people will just leave.<p>If your system makes life worse for a certain group of people, you either need to prevent that group from leaving altogether, or ensure that there is no place that they can go to. If you iterate this to the logical conclusion, you end up with something like &quot;globalism.&quot;<p>In this particular case, this is mostly to do with not wanting to live in places with strict lockdown policies, high rates of homelessness and criminality, while simultaneously paying much more in taxes and living expenses, and seeing few of the benefits of being in an urban hub while doing it.<p>But my point stands: don&#x27;t forget how quickly people will be willing to upend their lives at the very moment their existence is sufficiently worse than it would be elsewhere. And when you target the wealthy, you target the people most capable of moving anywhere else.
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blackrock超过 4 年前
How will SpaceX’s Starlink increase the trend to work-from-home or do remote work?<p>If you can develop software, or write your blog, from a remote island, at the edge of a (dormant) volcano (aka: extreme remoters), then why not? Or from any rural farmland area of the country.<p>Just video call into your daily Zoom Standup Meeting.<p>How’s the latency of it?
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marek22超过 4 年前
Hey, in almost all states (there are exceptions), car insurance is mandatory in terms of LIABILITY (civil liability), that is, if a stranger is injured by us. The amount of coverage required varies from state to state. For example, in California, this amounts to up to $ 15,000 bodily injury for one victim and up to $ 30,000 for more than one. In addition, liability for damage to someone else&#x27;s property is provided - $ 5,000. All this is calculated per exident. Fractional notation is commonly used to express coverage dimensions. More here <a href="https:&#x2F;&#x2F;www.americaninsurance.com&#x2F;if-my-car-registration-expires-my-car-insurance-still-valid" rel="nofollow">https:&#x2F;&#x2F;www.americaninsurance.com&#x2F;if-my-car-registration-exp...</a>
siquick超过 4 年前
I haven&#x27;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.<p>I&#x27;ve lived in this area for almost 3 years and feel far more connected to my area because of COVID.
RickJWagner超过 4 年前
I&#x27;ve seen articles that show Detroit in it&#x27;s heyday, bustling and prosperous. Today it&#x27;s much different, of course.<p>Some say New York, San Francisco and others will bounce right back. I&#x27;m not so sure, it just does not sound appealing. I took a vacation to New York a few years back, and I&#x27;ve been to California many times. Right now I have no desire to go to either.<p>I think they&#x27;d better be planning a massive PR campaign.
Exmoor超过 4 年前
The most eye-raising part of this data to me is that 3.5 million people apparently decided 2020 was the perfect year to move to New York. Even if I thought NYC was the place I wanted to live more than anywhere else, I would still heavily consider delaying that move in light of the current health and economic situation. The information on who those people are would be interesting to me.
sqrt17超过 4 年前
How about: US citizens saved $34B by not having to stay in the highest COL areas?<p>Why should we sympathize with a minority of rent-seekers?
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russh超过 4 年前
That&#x27;s a pretty slow start, Hopefully it will ramp up quickly.
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