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ctindel t1_irg6ods wrote

Reply to comment by Johnnadawearsglasses in Not the Place to Be’: Young Professionals Are Leaving New York - Bloomberg by EvanMcD3

Yes definitely let's hope the city declines and goes to shit so rent will be cheaper. It worked great in the 70s and 80s when NYC was an urban hellhole.

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Johnnadawearsglasses t1_irg9014 wrote

Let’s have 30% yoy increases in rent to infinity. The only choices are that or an urban hellhole. No in between

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ctindel t1_irgch1t wrote

You shouldn't want rent decreases because the city turned to shit and people leave. You should want lower rent because the city is succeeding and building faster than population expands.

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[deleted] t1_irgfxnu wrote

That's not the situation.

NYC is literally the most expensive city to build in the world. And this is only going to get worse. Over time, maintaining the infrastructure gets even more expensive. And this is entirely because of regulations and the political atmosphere in NY where it's literally run by machine politics, and then the opposition to developments and developers in the city by the far left.

In reality, NY is a very conservative city and state: opposed to change, slow moving, bureaucratic, and hostile to freedom. It doesn't matter if Democrats or Republicans run the state, that's the character...

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