Interesting happenings NYC City Council

[NYShoreGuy]

GOP power struggle looms in NYC Council over minority leader post

Councilmember Joann Ariola says the minority leader post long held by Staten Islanders should come to Queens.

gothamist.com

And now a wabc radio host wants borelli's position for rest of this term and to run for new 4 year cycle...

Nyc council members get 148k a year and now borelli will be a lobbyist

 

[Shaheton]

GOP power struggle looms in NYC Council over minority leader post

Councilmember Joann Ariola says the minority leader post long held by Staten Islanders should come to Queens.

gothamist.com

And now a wabc radio host wants borelli's position for rest of this term and to run for new 4 year cycle...

Nyc council members get 148k a year and now borelli will be a lobbyist

Why is NY a less desirable place to live now compared to 20 years ago?

 

[HALL85]

Why is NY a less desirable place to live now compared to 20 years ago?

1 - Pandemic response
2 - Crime
3 - Illegal immigrants (assist to Governor Abbott)
4 - Overreacting to George Floyd (resulting in police retirements, bail reform, and worst of all - Alvin Bragg)

 

[NYShoreGuy]

1 - Pandemic response
2 - Crime
3 - Illegal immigrants (assist to Governor Abbott)
4 - Overreacting to George Floyd (resulting in police retirements, bail reform, and worst of all - Alvin Bragg)

Crime Stats - Historical - NYPD

This data shows more murder rape and robbery in 2000 with rudy g as mayor i guess his tough on crime policies were no good then

 

[Merge]

Why is NY a less desirable place to live now compared to 20 years ago?

According to?

 

[HALL85]

According to?

https://www.osc.ny.gov/press/releases/2023/12/changing-face-post-pandemic-new-york-city

 

[Merge]

https://www.osc.ny.gov/press/releases/2023/12/changing-face-post-pandemic-new-york-city

I've pointed this out to you many times but if you want to understand how desirable it is to live in NYC, you need to look at real estate. That is the indicator. Are real estate prices and rents increasing or decreasing? Is available inventory up or down? Are vacancy rates trending up or down? etc

I get why you'd think it is "undesirable" but if you actually try to buy or rent something there, you will be faced with a very competitive market from others trying to live there. The data is very clear that NYC is still very desirable, even if it's not for you.

 

[Shaheton]

I've pointed this out to you many times but if you want to understand how desirable it is to live in NYC, you need to look at real estate. That is the indicator. Are real estate prices and rents increasing or decreasing? Is available inventory up or down? Are vacancy rates trending up or down? etc

I get why you'd think it is "undesirable" but if you actually try to buy or rent something there, you will be faced with a very competitive market from others trying to live there. The data is very clear that NYC is still very desirable, even if it's not for you.

Mr It Depends cites one factor as being decisive

 

[Merge]

Mr It Depends cites one factor as being decisive

Working with banks and bank regulators, evaluating loans on properties in NY, I am fairly confident I am using the right metric when discussing what is happening in NYC and if it is desirable or not.

Posted the same thing two years ago.

If you're looking for an indicator for trouble in NYC it's the rental market. If vacancies start increasing and prices start dropping then you'll know that people no longer think it's worth it to live there.

The data guides my view here. If that data changed, my view would change.
If rents fall in NYC, that means the people leaving can not be easily replaced and I would agree the city is in trouble. As it stands, it's just not.

It's always fun to revisit these topics though, looking this up reminded me of when 85 objected to the idea of NYC tourism getting back to normal after pandemic lows, and yet 2024 tourism was the 2nd highest in NYC ever. Has a hard time admitting that he got something wrong though.

 

[Shaheton]

Working with banks and bank regulators, evaluating loans on properties in NY, I am fairly confident I am using the right metric when discussing what is happening in NYC and if it is desirable or not.

Posted the same thing two years ago.


The data guides my view here. If that data changed, my view would change.
If rents fall in NYC, that means the people leaving can not be easily replaced and I would agree the city is in trouble. As it stands, it's just not.

It's always fun to revisit these topics though, looking this up reminded me of when 85 objected to the idea of NYC tourism getting back to normal after pandemic lows, and yet 2024 tourism was the 2nd highest in NYC ever. Has a hard time admitting that he got something wrong though.

I don’t think you’re looking at enough factors but I don’t really care what factors you’re looking at. I respect your opinion that it’s as desired (place to live) as it was 20 years ago. PS, I was referring to NYC not just NY; I think you correctly assumed that but in case you didn’t…

 

[HALL85]

I've pointed this out to you many times but if you want to understand how desirable it is to live in NYC, you need to look at real estate. That is the indicator. Are real estate prices and rents increasing or decreasing? Is available inventory up or down? Are vacancy rates trending up or down? etc

I get why you'd think it is "undesirable" but if you actually try to buy or rent something there, you will be faced with a very competitive market from others trying to live there. The data is very clear that NYC is still very desirable, even if it's not for you.

I shared an article that had specific metrics about the population decline and drivers. That’s a pretty good metric IMO if a city is less desirable because fewer people are choosing to live there.

You want to use real estate value, go ahead, but there are other factors that go into that like speculation. The city may and will probably rebound at some point, but it’s less desirable now based on the outflow of people.

 

[Merge]

You want to use real estate value, go ahead, but there are other factors that go into that like speculation.

So you think real estate prices in NYC are driven by speculation but you think you know better than the speculators about the direction of the city? Also - not much speculation is involved with rent prices, days on market, vacancy etc...

Do people want to live there or not? In the environment of higher rents, are people renting the apartments? If they weren't, I'd see a problem. That should tell you if NYC is desirable or not.