Friday, October 21, 2022

New York considered

This Cash Jordan New York real estate guy seems pretty famous, but I've only occasionally watched his videos, because All Knowing Google suggested it.  However, this one is pretty interesting - looking at the odd situation New York finds itself in.  (Namely, lots of commercial space still vacant because COVID forced businesses to realise that work from home is perfectly do-able now, but residential rents are higher than ever, and general cost of living is up.   As well as a general concern that crime is rising and not being adequately responded to.   I don't really understand how that combination of factors works - I mean, the relationship between empty office space but high residential rent especially.) 

 

There are some people in comments making the point that New York used to be much more dangerous than it is now, but it's still never great to see a place going backwards in terms of perception of safety.

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