Leaving New York City

[Eng12345]

22 hours ago, Spekulatius said:

High Line Trail (if you are into walking with a lot of stops at restaurants, coffee shops along the way)

Do a mini cruise around Manhattan (starts at the Hudson River - a couple locations there)

Koreatown (great and cheap food)

NYC Diamond district.

Bryant Park (between Korea town and Diamond district)

9/11 Memorial

 

Definitely starting to realize I won't even be able to come close to seeing everything in 4 days there...

 

 

[Spekulatius]

1 hour ago, Eng12345 said:

Definitely starting to realize I won't even be able to come close to seeing everything in 4 days there...

 

 

I think think you can do all this in 4 days. Make a plan, but don’t plan too much.

[Morgan]

Almost everyone from every demographic hates insurance companies. It's extremely unlikely this will cause any meaningful change, but something needs to change with healthcare in the US. That's why these memes are everywhere.

Edited December 15, 2024 by Morgan

[Spekulatius]

If you want to change the health cares altem find out where the fat margins and large salary are made. It’s probably not the insurance that sends you the bill. FWIW, this guy want even insured with UNH. His back injury was a result of a surf accident. His surgery was a success and and we do not know what sort of financial issues resulted from it, could have been a deductible? Otherise, this guy was basically living a dream, but he apparently had mental issues, 3 d printed a ghost run and shot a health exec that had nothing to do with whatever issues he had.

 

After earning his bachelor’s and master’s degrees from the University of Pennsylvania, he worked at the Santa Monica-based car-buying website TrueCar until 2023 and lived in Hawaii for some time starting in January 2022. During a six-month stay at Surfbreak, a “co-living” space in Honolulu, Mangione’s back pain worsened in part because of a surfing incident.

Edited December 16, 2024 by Spekulatius

[Dalal.Holdings]

Yep. Back surgery went well based on his reddit posts and his pain much better.

 

His wealthy family even apparently owns some nursing homes in MD that are poorly rated--wonder why Luigi or the populists against the healthcare system haven't looked into that...

 

But again, the mind of someone who likely developed a psychotic disorder is not a rational one

 

https://nypost.com/2024/12/13/us-news/luigi-mangiones-family-operated-nursing-home-empire-that-was-cited-for-abuse-and-health-violations/

 

Quote

The for-profit Lorien Health Services network, founded by Mangione’s affluent grandparents, touts its nine Maryland homes as idyllic places with the promise of top-class services and amenities that include restaurant-style dining, movie theaters and even beauty spas.  

 

Quote

But at least two of the homes have been hit with low ratings by Medicare.gov for health inspections and quality-of-life issues, with one slammed with a warning label over reports of abuse.

 

Edited December 16, 2024 by Dalal.Holdings

[fareastwarriors]

$14B in income vanishes from NYC as 125K residents flee for Florida

[Parsad]

14 hours ago, fareastwarriors said:

$14B in income vanishes from NYC as 125K residents flee for Florida

 

Manhattan's GDP alone is almost a trillion dollars.  NYC's GDP is around 1.3T.  $14B is a rounding error.  Cheers!

[Munger_Disciple]

4 minutes ago, Parsad said:

 

Manhattan's GDP alone is almost a trillion dollars.  NYC's GDP is around 1.3T.  $14B is a rounding error.  Cheers!

 

Yeah but they pay a lot taxes. Plus it is really a dumb idea for the US blue states to drive away all the tax paying rich & middle class people to FL & TX.

Edited May 2, 2025 by Munger_Disciple

[dwy000]

32 minutes ago, Munger_Disciple said:

 

Yeah but they pay a lot taxes. Plus it is really a dumb idea for the US blue states to drive away all the tax paying rich & middle class people to FL & TX.

This is the forever trend in NYC.  Young people come in and as they age and make a ton of money they eventually move out. Note the article points out that most were going to NYC suburbs in long island, Connecticut and NJ.  And then retire to Florida.  To be replaced by the next round of young people.

[Dinar]

52 minutes ago, dwy000 said:

This is the forever trend in NYC.  Young people come in and as they age and make a ton of money they eventually move out. Note the article points out that most were going to NYC suburbs in long island, Connecticut and NJ.  And then retire to Florida.  To be replaced by the next round of young people.

That's not correct.  There was a flood of people out of NYC driven out by incredibly bad de Blasio (mayor) and horrible state legislature and governor (free criminals acts).  In many parts of Manhattan, real estate prices have not changed for a decade.  

[dwy000]

34 minutes ago, Dinar said:

That's not correct.  There was a flood of people out of NYC driven out by incredibly bad de Blasio (mayor) and horrible state legislature and governor (free criminals acts).  In many parts of Manhattan, real estate prices have not changed for a decade.  

Right, but they flooded right back afterwards. Rents in Manhattan have continued to soar and the outer boroughs have increasingly become hot spots.  

[Dinar]

42 minutes ago, dwy000 said:

Right, but they flooded right back afterwards. Rents in Manhattan have continued to soar and the outer boroughs have increasingly become hot spots.  

Who flooded back into the city?  Families with kids fled and did not return. I can buy a 3 or 4 bedroom in Manhattan at the same price that it traded 10 or 12 years ago.   Real estate prices in many parts of Manhattan have not changed in ten years.  Rents have grown at less than inflation in the past decade.  If it wasn't for foreigners moving in, the population of the city would have shrunk 10%+.  By the way, the number of kids in public schools in NYC is down 10%+ since 2016. 

I track Clipper Realty (CLPR).  The rents in any of their buildings have not exceeded 2016 levels, after adjusting for inflation.  As a matter of fact, they have lagged inflation.  

If your theory was correct, then you should have expected massive rental growth that significantly exceeded inflation caused by massive immigration on top of flat domestic population.   Did you see this?  No, rents have lagged inflation since 2016 despite massive population influx from abroad.  US citizens have fled NY en masse.  

 

[dwy000]

4 minutes ago, Dinar said:

Who flooded back into the city?  Families with kids fled and did not return. I can buy a 3 or 4 bedroom in Manhattan at the same price that it traded 10 or 12 years ago.   Real estate prices in many parts of Manhattan have not changed in ten years.  Rents have grown at less than inflation in the past decade.  If it wasn't for foreigners moving in, the population of the city would have shrunk 10%+.  By the way, the number of kids in public schools in NYC is down 10%+ since 2016. 

I track Clipper Realty (CLPR).  The rents in any of their buildings have not exceeded 2016 levels, after adjusting for inflation.  As a matter of fact, they have lagged inflation.  

If your theory was correct, then you should have expected massive rental growth that significantly exceeded inflation caused by massive immigration on top of flat domestic population.   Did you see this?  No, rents have lagged inflation since 2016 despite massive population influx from abroad.  US citizens have fled NY en masse.  

 

Avg rents up 8% y-o-y to anothe all time high.  

 

 https://ny1.com/nyc/all-boroughs/news/2025/03/13/manhattan-s-median-rent-hit-record-high-in-february--report-finds#:~:text=And in northwest Queens%2C median,five years ago that month.

 

My whole point is that people with kids tend to leave the city and get replaced by people without kids (and who later have kids).  Whether it's foreigners (typically wealthy ones since it's so expensive) or Americans doesnt matter.  The population growth of NYC, and especially Manhattan should generally be close to zero because there's no more room to expand - which is why rents keep going up.  25 years ago nobody wanted to live in Brooklyn because it was bridge and tunnel.  Now it's the hottest place in the city because Manhattan is so expensive. 

 

If NYC was losing its luster rents would be dropping. 

[Gregmal]

This article does a good job really highlighting it all. If you’re still in NYC you need to have your head examined 

 

https://nypost.com/2025/05/02/business/ex-new-yorkers-dish-on-why-they-moved-to-florida-for-good/

[dwy000]

7 minutes ago, Gregmal said:

This article does a good job really highlighting it all. If you’re still in NYC you need to have your head examined 

 

https://nypost.com/2025/05/02/business/ex-new-yorkers-dish-on-why-they-moved-to-florida-for-good/

Nobody realistically is choosing between NYC and Florida.  They are 2 completely opposite experiences. If you're under 40, single and ambitious you're not moving to Boca Ratan. If you're 50 with kids and sick of the rat race, Florida would be your choice.  

 

The fact that the average 3 BR house in Florida is cheaper than the average studio apt in NYC indicates where the demand is.  

[Dinar]

Yes, it matters who replaces New Yorkers who leave, Americans or foreigners.  If Americans replace New Yorkers that leave, that means the city is an attractive place to live.  If people from Yemen/Syria/Somalia/Jamaica/Venezuela/Haiti replace New Yorkers who live, that just means is that NY is more attractive than a failed state with a civil war/gang violence not that it is attractive to people from Paris, London or Boston or North Carolina.  

[dwy000]

5 minutes ago, Dinar said:

Yes, it matters who replaces New Yorkers who leave, Americans or foreigners.  If Americans replace New Yorkers that leave, that means the city is an attractive place to live.  If people from Yemen/Syria/Somalia/Jamaica/Venezuela/Haiti replace New Yorkers who live, that just means is that NY is more attractive than a failed state with a civil war/gang violence not that it is attractive to people from Paris, London or Boston or North Carolina.  

That could be the most racist thing I've seen posted here.  I mean, not even hiding it. 

 

Why does it matter if someone who comes to NYC for school or a first job is from Paris, North Carolina or Somalia?

Edited May 3, 2025 by dwy000

[Gregmal]

7 minutes ago, dwy000 said:

That could be the most racist thing I've seen posted here.  I mean, not even hiding it. 

 

Why does it matter if someone who comes to NYC for school or a first job is from Paris, North Carolina or Somalia?

LOL is crying racism really a rebuttal though? The attraction of NYC as a premier destination for younger people is the deep talent pool and global diversity; the dating pool and the high end jobs; sex and money. The GS banking intern from Paris does that. So does the lax bro from SoCal. The tech whiz from Belarus or the kid from India whose family has him staying with the rich uncle. Gangbangers on scooters or bottom 10% talent pool level folks sleeping in sidewalk tents from culturally shattered regions certainly does not. That's why it matters. 

[dwy000]

10 minutes ago, Gregmal said:

LOL is crying racism really a rebuttal though? The attraction of NYC as a premier destination for younger people is the deep talent pool and global diversity; the dating pool and the high end jobs; sex and money. The GS banking intern from Paris does that. So does the lax bro from SoCal. The tech whiz from Belarus or the kid from India whose family has him staying with the rich uncle. Gangbangers on scooters or bottom 10% talent pool level folks sleeping in sidewalk tents from culturally shattered regions certainly does not. That's why it matters. 

The cultural diversity is what draws a lot of people to NYC. The best and brightest from everywhere in the world.

 

Gangbangers on scooters is not an American vs immigrant thing. The 1st time I went to NYC you wouldn't dare walk around alone at night or go to Harlem or Alphabet City. And it wasnt immigrants that were mugging people.  They were too busy working 3 jobs and trying to make a better life. That's largely still the case even though NYC is one of the safest big cities in the country. 

 

 

Edited May 3, 2025 by dwy000

[Parsad]

2 hours ago, dwy000 said:

Nobody realistically is choosing between NYC and Florida.  They are 2 completely opposite experiences. If you're under 40, single and ambitious you're not moving to Boca Ratan. If you're 50 with kids and sick of the rat race, Florida would be your choice.  

 

The fact that the average 3 BR house in Florida is cheaper than the average studio apt in NYC indicates where the demand is.  

 

+1!  Cheers!

[Parsad]

1 hour ago, Dinar said:

Yes, it matters who replaces New Yorkers who leave, Americans or foreigners.  If Americans replace New Yorkers that leave, that means the city is an attractive place to live.  If people from Yemen/Syria/Somalia/Jamaica/Venezuela/Haiti replace New Yorkers who live, that just means is that NY is more attractive than a failed state with a civil war/gang violence not that it is attractive to people from Paris, London or Boston or North Carolina.  

 

This is not a new problem.  They said the same thing about the Irish, then the Jews, then the Italians, in the 70's Time Square was full of strip joints, hookers, and dirty nightclubs...so they said the same thing about Cubans, Puerto Ricans and blacks.  It got cleaned up...even Harlem was gentrified in the 90's!  You can walk Times Square at night no problem...although there probably is an uptick in crime since the Pandemic.  This problem is occurring in all major cities since the Pandemic.  It will get cleaned up in most cities as governments change and they get tougher on crime and loosen restrictions on development.  Cheers!

[Dinar]

1 hour ago, Parsad said:

 

This is not a new problem.  They said the same thing about the Irish, then the Jews, then the Italians, in the 70's Time Square was full of strip joints, hookers, and dirty nightclubs...so they said the same thing about Cubans, Puerto Ricans and blacks.  It got cleaned up...even Harlem was gentrified in the 90's!  You can walk Times Square at night no problem...although there probably is an uptick in crime since the Pandemic.  This problem is occurring in all major cities since the Pandemic.  It will get cleaned up in most cities as governments change and they get tougher on crime and loosen restrictions on development.  Cheers!

Let me clarify what I meant.  If tomorrow I read that 1000 Chinese, who live in Vancouver, have Canadian citizenship and are doing quite well economically decide to move to NYC, then that shows to me that NYC is attractive.  If on the other hand 1000 people with third grade education living in Chinese countryside move to NYC, that shows me nothing.  Similarly, if 5000 people of Iranian heritage, who are Canadian citizens and doing very well economically move from Toronto/Ottawa to NYC, that tells me that NYC is an attractive place.  If 5000 Iranians move directly from Iran to NYC, that tells me nothing.   That was my point.  When people move from attractive places to NYC, that tells me that NYC is attractive.  When people move from horrible places, that tells me nothing about NYC.  

[dwy000]

47 minutes ago, Dinar said:

Let me clarify what I meant.  If tomorrow I read that 1000 Chinese, who live in Vancouver, have Canadian citizenship and are doing quite well economically decide to move to NYC, then that shows to me that NYC is attractive.  If on the other hand 1000 people with third grade education living in Chinese countryside move to NYC, that shows me nothing.  Similarly, if 5000 people of Iranian heritage, who are Canadian citizens and doing very well economically move from Toronto/Ottawa to NYC, that tells me that NYC is an attractive place.  If 5000 Iranians move directly from Iran to NYC, that tells me nothing.   That was my point.  When people move from attractive places to NYC, that tells me that NYC is attractive.  When people move from horrible places, that tells me nothing about NYC.  

Exactly. The fact that rents in the most expensive area in the country have increased continually to more record levels, not to mention areas that were previously avoided are now hot tickets, would suggest that not only are people moving to the city but whoever is coming has a lot of money and that the city can support those salaries (despite the taxes and cost of living).  That's not the destitute.

[james22]

12 hours ago, dwy000 said:

That could be the most racist thing I've seen posted here.

 

I've had as many as six more racist thoughts before breakfast.

[dwy000]

1 hour ago, james22 said:

 

I've had as many as six more racist thoughts before breakfast.

That's not the flex you think it is.