1 out of 3 homes fail to sell. https://www.nbcnewyork.com/news/local/over-a-third-of-nyc-homes-for-sale-get-taken-off-market-without-finding-a-buyer-survey/4813867/?amp=1 Those people all moved to Florida, Long Island and New Jersey. |
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Yes, everyone knows expensive housing is a sign of decline. It’s too expensive nobody wants to live there. Rural Kentucky and West Virginia is where all the demand is due to cheap pricing! “Homes in the city are also considerably more expensive than the rest of the country: The median asking price for a NYC home was just under $1.1 million” |
Median prices there have dropped. Just because it is still expensive for now does not mean it’s not in decline. Do you think the home values in Detroit all went to pennies overnight? |
All I can remember about the last time I was in NYC (Dec 2023) is the smell of MJ literally everywhere I went. It was really sad. Voters there must be so proud. |
+1. What does it say when an entire city stinks of drugs? Clearly not happy citizens. |
You so clearly do not live in NYC. |
New York is a very strange place. Equal amounts of Asians, Latinos, whites and blacks, rich, poor, single, married and everyone’s miserable |
Right. NYC lost 78k residents and that number isn’t higher because of the huge number of migrants who are moving in offset the loss. https://www.nytimes.com/2024/03/14/nyregion/nyc-population-decline.html#:~:text=The%20city%20lost%20nearly%2078%2C000,6%20percent%20of%20its%20population. |
NYC also lost between 2020 and 2022 5.3% of its total population-mark 500k people. It also has a dropping birth rate. How can a city losing so many people so quickly not be in decline? https://www.osc.ny.gov/files/reports/osdc/pdf/report-15-2024.pdf |
Everywhere has a dropping birth rate. The U.S. has terrible maternal and infant death rates, no paid parental leave, and a broken daycare system. Only the very wealthy can have kids, assuming mom and baby survive the birth. |
I am in NYC every few months for a week at a time. I take subways, walk in Central Park during the day and after dark. It is far from a ‘hellhole’, and I have never been a victim of a crime. |
Lucky for you! I bet you’ve never witnessed a crime in NYC either. Lol. Nice try. |
Your memory is faulty lol. https://www.nytimes.com/2023/06/28/us/migrants-desantis-marthas-vineyard.html |
People just misinterpret what the numbers mean…. “New York City’s vacancy rate has dropped to a mere 1.4 percent – the lowest this measurement has been since the 1968 NYCHVS.” How can both these facts be true at the same time. Both significant population loss but all the housing is basically full? Simple the entire country has been undergoing a significant drop in fertility over the last decade. Households are smaller than they used to be and it’s mostly less kids. Building in NYC is slow, no vacant land, and the prime spots are fully built out (we do need some sunshine). That limits building your way out like some sprawling cities do. NYC will be fine, the working age population is still robust, although kids do add something (but it’s not financial). |