ECON Escape From New York: Wealthy Residents Flee In Droves As The City Degenerates Into A Hellhole

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alchemike

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Escape From New York: Wealthy Residents Flee In Droves As The City Degenerates Into A Hellhole

August 7, 2020

Hundreds of thousands of wealthy residents have already left New York City, and more are leaving every day as America’s biggest city rapidly degenerates into a hellhole. This is incredibly sad to watch, because in many ways New York had been an incredible success story over the past several decades. The 1970s and 1980s were nightmarish times for the city, but over the past several decades it was transformed into a virtual paradise for the wealthy and famous. Crime rates absolutely plummeted, the city was given a dramatic facelift and a booming financial community brought an unprecedented amount of wealth into New York. But now many of the old problems are starting to come back again, and a lot of wealthy New Yorkers have decided that it is time to look for greener pastures.

Of course the COVID-19 pandemic has been the primary motivation for a lot of the wealthy individuals that have been fleeing the city. According to the New York Times, there was a mass exodus of 420,000 New Yorkers between March 1st and May 1st…
Roughly 5 percent of residents — or about 420,000 people — left the city between March 1 and May 1. In the city’s very wealthiest blocks, in neighborhoods like the Upper East Side, the West Village, SoHo and Brooklyn Heights, residential population decreased by 40 percent or more, while the rest of the city saw comparably modest changes.
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Can you imagine 40 percent of your neighborhood leaving in just two months?
Wealthy people can often pick up and move a lot more easily than the rest of us, because many of them are not tied to traditional jobs and a lot of them already own second homes. And it is definitely understandable that a lot of them would have wanted to leave during the peak of the pandemic in the New York area, but now that infection rates are a lot lower they still aren’t coming back and this has become a hot political issue for New York politicians.
Just a few days ago, New York Governor Andrew Cuomo lamented the fact that this mass exodus is hitting tax revenues really hard…

A single percent of New York’s population pays half of the state’s taxes, he said, “and they’re the most mobile people on the globe.”
“I literally talk to people all day long, who are now in their Hamptons house, who also lived here, or in their Hudson Valley house or in their Connecticut weekend house,” Cuomo continued. “They’re not coming back right now. And you know what else they’re thinking, if I stay there, they pay a lower income tax because they don’t pay the New York City surcharge. So, that would be a bad place if we had to go there.”
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But New York City Mayor Bill de Blasio is taking a completely different tone. At this point, he doesn’t seem to care whether the wealthy come back or not…
Mayor de Blasio couldn’t care less if wealthy people leave the city for good because of the coronavirus pandemic, telling reporters on Friday that he won’t bend over backward for the one percent to return to NYC.
In a briefing from City Hall, de Blasio for a second day in a row sneered at Gov. Cuomo’s suggestion that the Big Apple’s ballooning deficit can only be bridged if rich people who fled at the outset of the pandemic come back and start paying taxes again.
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Mayor de Blasio can continue to deny reality if he wishes, but without a doubt the lack of revenue is starting to have a major impact.
The sanitation budget was cut by more than 100 million dollars, and at this point giant mountains of trash are starting to pile up around the city…
Photos show bags filled with leftover food scraps, cans and bottles piled high on sidewalks or overflowing out of corner litter baskets.
Dead rats have been found among the waste and raccoons have been spotted climbing out of garbage cans.
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At one time such scenes would have been unthinkable in New York City, but now they have become a daily reality.
Meanwhile, crime rates are absolutely skyrocketing. In fact, the number of shootings in the city during the month of July was up 177 percent compared to the same month a year ago…
The NYPD recorded 244 shootings in July 2020 versus 88 in July 2019, which is a 177% increase. Shootings rose in July in every borough, police said. Through July 31, the city has experienced a 72% spike in shootings compared to the same time last year—772 versus 450 in 2019.
Murders in July rose 59% compared to last year with 54 in 2020 versus 34 a year ago. Burglaries were up 31% percent year-over-year. Police said 309 more auto thefts were reported for the month compared to a year earlier.
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This explosion of criminal activity is being called a “crime wave”, and even the wealthiest neighborhoods are being hit hard…
New York City’s wealthiest neighborhood is grappling with a spike in armed robberies, new data reveals.
Manhattan’s Upper East Side has seen 27 robberies over the past four weeks – a 286 percent increase when compared to the same period last year, according to the NYPD.
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Some of the wealthiest people on the entire planet call the Upper East Side home, and they paid a lot of money for their homes so that they would be insulated from this sort of thing.
But now even their neighborhoods aren’t safe.
Over on the Upper West Side, a different sort of problem is making headlines…
Hundreds of homeless people who have been put up in luxury hotels on Manhattan’s Upper West Side by the city as part of its efforts to prevent COVID-19 outbreaks in shelters are terrifying residents by urinating, sleeping and taking drugs in the streets.
In July, it emerged that 139 of the city’s iconic hotels – which had been forced closed for months – had agreed to take in homeless people for $175 per person, per night as part of a scheme by the city to try to avoid a breakout of COVID-19 in homeless shelters.
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Can you imagine paying millions of dollars for your home and seeing homeless people urinate and take drugs right on the sidewalk in front of your building on a regular basis?
Even worse, it has been revealed that quite a few of the individuals that are being housed in these luxury hotels are registered sex offenders…
Of greatest concern for parents are the sex offenders — 10 are living at the Belleclaire as of Thursday, the state sex offender registry said. That’s just one block from PS 87’s playground.
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And of those ten, there are four that actually victimized children…
There are also four offenders whose victims were children: Ronald Butler, 62, convicted in June 2013 of raping a 16-year-old girl; Eddie Daniel, 59, convicted of abusing a 10-year-old in 2011; Jonathan Evans, 29, convicted of abusing a 6-year-old; and Michael Hughes, 55, convicted of possessing child pornography in 2007.
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This is what life is like for the wealthy in New York City in 2020.
No wonder so many of them have left and have no plans to come back.
Sadly, similar things are happening in major cities all over the nation, and what we have witnessed so far is just the beginning.
I certainly don’t blame anyone for wanting to leave New York. If I was living there, I would want to leave too.
All over America, major cities that are being run by Democrats are being transformed into hellholes, but most of those Democrats just keep winning elections over and over again.
When will we ever learn?
 
The Snack Artist

The Snack Artist

Membership Revoked
Chicongo is experiencing the same thing. My former business partner used to go downtown twice a week for dinner and spent a lot of money. He hasn't been downtown since wuflu hit. He said he won't go now because it's so dangerous. Here is a taste of what is going on in the Congo that doesn't get reported except by the website CWB Chicago |.
 
Cacheman

Cacheman

Ultra MAGA!
The Snack Artist said:
Chicongo is experiencing the same thing. My former business partner used to go downtown twice a week for dinner and spent a lot of money. He hasn't been downtown since wuflu hit. He said he won't go now because it's so dangerous. Here is a taste of what is going on in the Congo that doesn't get reported except by the website CWB Chicago |.
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This used to be Wisconsin's slogan for tourism....

escape to wisconsin.jpg

Sadly for us lifelong WI residents it's quickly becoming a new fact of life.
 
The Snack Artist

The Snack Artist

Membership Revoked
Deblasio's real name is Warren Wilhelm. Why did he change it? He is a red diaper doper baby from way back and is just applying what he learned at the knee of the Sandanistas.
 
N

nehimama

Has No Life - Lives on TB
Mayor de Blasio couldn’t care less if wealthy people leave the city for good because of the coronavirus pandemic, telling reporters on Friday that he won’t bend over backward for the one percent to return to NYC

Watch me "bend over backwards" for the rioters and criminals!
 
Z

zeker

Has No Life - Lives on TB
nehimama said:
Mayor de Blasio couldn’t care less if wealthy people leave the city for good because of the coronavirus pandemic, telling reporters on Friday that he won’t bend over backward for the one percent to return to NYC

Watch me "bend over backwards" for the rioters and criminals!
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he will demand that Trump(america) bail him out

screaming about his tax base gone
 
von Koehler

von Koehler

Has No Life - Lives on TB
My understanding is that New York City is making it very difficult to legally change your residence. There are numerous hoops someone has to jump through to prove you are no longer a resident.
 
O

Old Gray Mare

TB Fanatic
These politicians better get a clue quick. The rich and middle class are voting with their feet. With telecommuting many employees and employers no longer need to be located in or near big cities. The world has become a small space. Tax haven states are only a few hours flight away.
 
subnet

subnet

Boot
"A single percent of New York’s population pays half of the state’s taxes, he said, “and they’re the most mobile people on the globe.”
But the rich need to pay there fair share right??
Holy crap, these people lie at the drop of a hat to push their Marxist BS, either the rich are not paying their fair share or they pay half of the states taxes...pick one you commie fks.
 
vector7

vector7

Dot Collector
Saw some posts on this a few months ago in one of the long threads here at TB2K. A Democrat Mayor/elected official was putting money with an investment firm to help buy up local forced depressed real estate properties at fire sale prices.

Forced Fundamental Marxist Transformations, Reparations and Personal Gains...

Democrats ARE Destroying NYC On Purpose, DeBlasio ADMITS He's Buying Up Vacant Properties (22min)
View: https://youtu.be/a0zANdGYYhE?list=PLNXlIeYUj-MHdf-fXQ9UanWFrL1uLEkJH

https://twitter.com/i/web/status/1293715255063793664
View: https://twitter.com/Libertarian82/status/1293715255063793664
 
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Satanta

Satanta

Stone Cold Crazy
_______________
Firebird said:
That POS DeBlasio is just killing NYC
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I heard some hypothesis it might be intentional-it would allow the Super wealthy like Tesla and Gates to buy huge swaths of NYC cheap then, after things settle they own everything where people can put businesses or apartments.
 
vector7

vector7

Dot Collector
Satanta said:
Super wealthy like Tesla and Gates to buy huge swaths of NYC cheap then, after things settle they own everything where people can put businesses or apartments.
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Also Leftist NGO's, China etc..backing DNC/BLM/ANTIFA forced Shutdowns/Riots/Color Revolution.
 
von Koehler

von Koehler

Has No Life - Lives on TB
From Martin Armstrong's blog:


Apartment vacancies in Manhattan reached record highs in July, according to a new report by CNBC with data collected by Douglas Elliman and Miller Samuel. Over 13,000 apartments were left vacant last month, largely due to people fleeing the city amid the coronavirus pandemic.
 
jward

jward

passin' thru
Jeff B. said:
Unfortunately, more traditional areas are going to receive these jack wagons and their left wing Progressive thoughts, which they'll quickly attempt to put in place.

Jeff B.
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I repeat myself often on this score, but I really feel there are few, if any, reliably red areas. We've all been diluted with the out and out progressive poison, those on the gov teat, or the liberal state brand of conservatism, which is anything but conservative, in most cases.
 
Lilbitsnana

Lilbitsnana

On TB every waking moment
Old Gray Mare said:
These politicians better get a clue quick. The rich and middle class are voting with their feet. With telecommuting many employees and employers no longer need to be located in or near big cities. The world has become a small space. Tax haven states are only a few hours flight away.
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Yes, but all those escapees are taking their political beliefs with them to whatever state is unfortunate enough to have them land/roost there. Just like they spread the covid throughout the other states as they fitted thru on escape vacations or set up house.
 
mzkitty

mzkitty

I give up.
di blasio 2.PNG

August 12, 2020

Mayor de Blasio threatens laying off 22K NYC workers if the federal gov't doesn't bail him out — it's 'painfully real'

How is that the federal government's fault?

Democratic New York City Mayor Bill de Blasio is doubling down on his warning that the city will need to cut 22,000 workers on Oct. 1 unless the federal government bails it out.

The embattled mayor told reporters Wednesday that the massive number of impending layoffs is "painfully real."
"The overwhelming cost of local government is personnel. Where we put our money is into the people who provide services to New Yorkers, whether they're first responders, health care workers, sanitation workers, educators, you name it," de Blasio said, according to Politico.

"If you're going to keep cutting and keep cutting, it has to at some point reach personnel. It's just pure logic of budgets, and it's very sad logic. I don't like it one bit, and I want to avert this at all costs. So that 22,000 number is painfully real," he continued.

The mayor first voiced the warning last month and has been repeating it again and again since then.

Last week, he told CNN's Wolf Blitzer that he was "very worried" about the stimulus talks in Washington, D.C., and that all sorts of public services in the city were on the line "if we do not get federal support soon."
.@NYCMayor: I’m laying off 22,000 city workers if the feds don’t give us a bailout https://t.co/iWkSh4N8yJ
— Tom Elliott (@Tom Elliott)1596576862.0
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The mayor has been hoping for a multibillion dollar bailout package to come in from the federal government after the city has been slammed by the coronavirus pandemic. But he acknowledged that such an action "appears to be dead now" as stimulus package talks stalled on Capitol Hill.

According to Politico, de Blasio also unsuccessfully petitioned for state money to pay the city's expenses. Now the mayor has ordered agencies to come up with a list of employees to be considered for budget cuts.

Though de Blasio is doing his best to lay blame for the cuts on the federal government, many have pointed to his fiscal mismanagement as being ultimately responsible.

President Trump, for his part, has signaled opposition to federal bailouts of Democratic states and cities, saying to use taxpayer money to do so would be unfair to many Americans.

"You look at Illinois, you look at New York, look at California, you know, those three, there's tremendous debt there, and many others," the president remarked in an interview with the New York Post.

"It's not fair to the Republicans because all the states that need help — they're run by Democrats in every case," he also said. "Florida is doing phenomenal, Texas is doing phenomenal, the Midwest is, you know, fantastic — very little debt."

www.theblaze.com

Mayor de Blasio threatens laying off 22K NYC workers if the federal gov't doesn't bail him out — it's 'painfully real'

How is that the federal government's fault?
www.theblaze.com www.theblaze.com


1597362691043.png
 
O

Old Gray Mare

TB Fanatic
Notice they always threaten to cut police and sanitation? That leftists target these particular jobs classifications first proves how indispensable they are to a properly functioning city. It also proves the left knows this and is willing to destroy the very tools needed to keep their constituents safe and healthy and their cities clean.
 
mistaken1

mistaken1

Has No Life - Lives on TB
Jeff B. said:
Unfortunately, more traditional areas are going to receive these jack wagons and their left wing Progressive thoughts, which they'll quickly attempt to put in place.

Jeff B.
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Howdy ya'all, I just flew in from that hellhole new yawk city, I'm ready to settle down in Texas and start changing things to the way we do 'em back east.
 
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