[HN Gopher] Fleeing New Yorkers resulted in an estimated $34B in...
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       Fleeing New Yorkers resulted in an estimated $34B in lost income
        
       Author : theBashShell
       Score  : 70 points
       Date   : 2020-12-15 22:02 UTC (58 minutes ago)
        
 (HTM) web link (www.reuters.com)
 (TXT) w3m dump (www.reuters.com)
        
       | Merman_Mike wrote:
       | I permanently left NYC this year.
       | 
       | The combination of high taxes, corruption, and incompetence
       | really wear on you after a while.
       | 
       | I'm all for high taxes in service of a strong social safety net
       | and a well-run, modern city. I am happy to pay them. But I can't
       | help but feel that my taxes were being outright stolen and
       | squandered in this city.
        
         | jokethrowaway wrote:
         | That's an interesting point of view Don't you think it's
         | exactly the high taxes that give space for corruption and
         | incompetence?
         | 
         | Once you accumulate a large pool of money (especially if it's
         | someone else money), the larger the pool, the easier it is to
         | waste it.
         | 
         | We see it with governments, big tech companies, VC funded
         | startups, even when pooling money for a road trip with friends.
         | 
         | I think the enemy is human nature and centralisation, not
         | specific malicious individuals
        
           | medium_burrito wrote:
           | Everything gives room for corruption and incompetence. The
           | problem is the US has some of the most incompetent government
           | on a local level in the developed world. Part of it is
           | American individualism, part of it is the Republican party
           | starving the beast, part of it is the government as a giant
           | jobs program.
           | 
           | There is no reason we cannot have competent civil servants,
           | long term planning, clean cities, etc.
           | 
           | I'm completely serious when I say we should just outsource
           | everything on the county level and lower to the Swiss or
           | Dutch.
        
       | solidsnack9000 wrote:
       | The "lost income" is more than 485000 USD per person?
       | 
       |  _About 3.57 million people left New York City this year between
       | Jan. 1 and Dec. 7 ... Some 3.5 million people earning lower
       | average incomes moved into the city during that same period, the
       | report showed.
       | 
       | [...]
       | 
       | In Tribeca, a wealthy neighborhood in downtown Manhattan,
       | residents who left this year earned an average income of about
       | $140,000, Walle said. The typical person moving into the
       | neighborhood earned an average $82,000, he said._
        
       | blackrock wrote:
       | How will SpaceX's Starlink increase the trend to work-from-home
       | or do remote work?
       | 
       | If you can develop software, or write your blog, from a remote
       | island, at the edge of a (dormant) volcano (aka: extreme
       | remoters), then why not? Or from any rural farmland area of the
       | country.
       | 
       | Just video call into your daily Zoom Standup Meeting.
       | 
       | How's the latency of it?
        
       | ajsnigrutin wrote:
       | Louis Rossman said it in many of his recent videos.... new york
       | has everything, but also costs alot. You have cinemas, broadway,
       | restaurants, everything.... and you pay for that privilige.
       | 
       | Now, when all that is closed, you have only the "bad" parts (the
       | homeless, crime, noise, bad smells... all that with a "premium
       | price")... so, why stay?
       | 
       | Poor people have no jobs, have to move out.... rich people don't
       | have anything to do there, and move out because they can.
        
         | TuringNYC wrote:
         | NYC is costly, but not as costly as people think. The lifestyle
         | is also different.
         | 
         | 1. Most of my life in NY (pre children), we had no car, no car
         | insurance, no parking, and rare taxis (and before our current
         | mayor, subways worked very, very well, I rarely considered
         | taxis.)
         | 
         | 2. Property taxes are comparatively low to other states
         | 
         | 3. Access to culture is widespread and cheaper than people
         | think -- there are subsidized tickets for students, etc.
         | Museums are plentiful and often free. Libraries are literally
         | everywhere.
         | 
         | 4. Access to jobs is great and you dont crush your soul with
         | hour-long drives. And when you lose/change your job, your next
         | job is also often in the city center, so you dont have to move
         | homes.
         | 
         | I live in DC suburbs now and we have one car. It is hard
         | getting places w/o a car and the train system is good but does
         | not cover as much of the metro as one wishes, and there are
         | last mile issues. Property taxes are way, way higher both both
         | homes and other property (e.g., $800/yr on my Kia minivan), but
         | there isnt a city income tax.
        
         | saiya-jin wrote:
         | Not that I disagree much, apart from one thing - that places
         | like NY have 'everything'. If you like nature, mountains,
         | adrenaline sports, weekend adventures without crazy commute,
         | then NY has none.
         | 
         | Irrelevant to some, but folks like me couldn't be bothered to
         | even consider it even if my take home salary went 10x.
        
         | pen2l wrote:
         | Not knocking on you here, just really genuinely confused why
         | you'd cite Louis Rossman of all people on earth for his
         | thoughts on places to live. But maybe I'm not in on something
         | here?
        
         | stefan_ wrote:
         | But you don't pay for these things. You pay for a class of
         | ancient benefactors of one huge ponzi scheme.
        
         | kepler1 wrote:
         | Even worse for San Francisco. Basically just "restaurants" and
         | an easy getaway to outdoors. And worse on all the other fronts
         | as well (crime, homeless, cost of living, etc).
         | 
         | How well a city takes care of these issues in the good times
         | and has rational/sensible policies sets it up for how it will
         | do in bad times.
        
           | siquick wrote:
           | > Even worse for San Francisco. Basically just "restaurants"
           | and an easy getaway to outdoors.
           | 
           | This wasn't my experience in San Francisco when I visited in
           | 2016 - I saw some of the best live music in small bars I've
           | ever heard, went to a couple of awesome free outdoor events,
           | record shopping was quality, just walking around an area like
           | Mission I came across a lot of interesting cafes, shops,
           | bars, street art, and people.
           | 
           | I was visiting from Melbourne, Australia - supposed live
           | music capital of the world, ranked worlds most liveable city,
           | and it has a lot of the above - and San Francisco felt pretty
           | exciting with a lot to do.
        
       | chickenpotpie wrote:
       | Another case of lower income groups responding strongly to
       | financial incentives and higher income groups responding to
       | quality of life incentives. Lower income renters see a discount
       | to be had, higher income renters see an opportunity to get higher
       | quality housing with more space.
        
       | hn_throwaway_99 wrote:
       | I've been seeing more of these types of stories with a line like
       | this:
       | 
       | > About 3.57 million people left New York City this year between
       | Jan. 1 and Dec. 7, according to Unacast, which analyzed
       | anonymized cell phone location data.
       | 
       | Sorry, but I don't really trust the "anonymized" very much. Why
       | should some company I've never heard of have access to my cell
       | phone location data in the first place.
        
         | spoonjim wrote:
         | > Sorry, but I don't really trust the "anonymized" very much.
         | Why should some company I've never heard of have access to my
         | cell phone location data in the first place.
         | 
         | Not sure how the second follows from the first. There _is_ a
         | company you 've never heard of which access to your cell phone
         | location data. In fact, hundreds, and they buy and sell them in
         | commodity marketplaces just like corn or pork bellies. They
         | sell the data with your name attached for one price, and as
         | anonymized aggregates for a much lower price.
         | 
         | Unacast is just saying that they bought the cheaper anonymized
         | version for the purpose of this analysis. Whether the data are
         | real or not is another matter altogether.
        
         | sneak wrote:
         | > _Sorry, but I don 't really trust the "anonymized" very much.
         | Why should some company I've never heard of have access to my
         | cell phone location data in the first place._
         | 
         | If you don't have location services turned off on your phone,
         | chances are they have access to it because you gave it to them
         | (via an app), or gave it to someone who gave it to them.
        
           | jokethrowaway wrote:
           | I'm pretty sure the study refers to the location of the
           | repeater which talks to your phone, so most likely no
           | permission needed
        
         | db48x wrote:
         | Your cell phone company sells it to whoever wants it.
        
           | sneak wrote:
           | They're supposed to have stopped, but I'm not sure I believe
           | it.
           | 
           | https://www.wired.com/story/fcc-fines-wireless-companies-
           | sel...
        
         | iso8859-1 wrote:
         | The fact that you don't like it, does not mean that there are
         | not people with access to IMEI numbers. Actually, it would be
         | weird if there wasn't since it could be useful for research
         | like this.
         | 
         | So why do you not trust it? You're only explaining how you
         | disagree.
        
         | Karawebnetwork wrote:
         | It is anonymized in the sense that they can't write your name
         | into a search feature and find your location history.
         | 
         | However, they could likely ask to buy the all data for "57
         | years old males born in february with a history of calling to
         | Alaska every 5 days" and single you out.
        
           | Shacklz wrote:
           | I heard a talk once from some guy working for a company who
           | analyzes this data (it had something to do with
           | transportation of people; where it would be most efficient to
           | have a new bus route and such), some of the regulations are
           | actually rather interesting (Europe). E.g., location-specific
           | data is not allowed to be sold if the amount of data points
           | is below a given threshold, to avoid de-anonymization
           | scenarios such as the one you have mentioned. Granted, I have
           | no idea how well the regulations actually work, but it did
           | sound as if quite a bit of thought went into it.
           | 
           | Thinking about this, I wonder if companies providing
           | smartphone apps with invasive tracking are upheld to the same
           | standards...
        
           | sna1l wrote:
           | https://www.wired.com/2013/03/anonymous-phone-location-data/
        
             | hn_throwaway_99 wrote:
             | Thanks, this is exactly what I was thinking about, glad
             | someone did an actual study.
        
       | economusty wrote:
       | Remember which political party runs the city.
        
         | j2bax wrote:
         | While we are at it, lets remember which political party runs
         | the areas that are most dependent on the government.
         | 
         | Source: https://wallethub.com/edu/most-independent-
         | states/36426#main...
        
           | trident1000 wrote:
           | Does this take into account federal loans and grants for
           | infrastructure spending which is higher in urban areas?
           | Probably not. Does it take into account that many left
           | leaning states like NJ have completely bankrupt pension
           | systems that will need to be rescued at the federal level?
           | Probably not. Also looks like NY scores 38th on gov
           | dependency out of 50 which isnt exactly great. And going back
           | to national highway system assistance, Cali has got to be #1
           | in receiving federal funds.
        
           | rednerrus wrote:
           | Looks like lots of places that grow the food you eat.
        
           | oh_sigh wrote:
           | That doesn't control for who benefits from the money spent.
           | For example, Alaska is billed for the early warning and radar
           | systems to detect Russian ICBMs, but Alaskans don't really
           | benefit from it because Russia would never bomb Alaska, and
           | most of the jobs go to people shipped in from the lower 48
           | states, not Alaskans.
           | 
           | Likewise, Nebraskan farmers look like they're on the dole
           | with the corn subsidies, but the other 49 states benefit from
           | lower and stable corn prices, so it isn't clear why Nebraska
           | would get all the costs accounted to them when everyone
           | benefits from it.
        
         | smt88 wrote:
         | "[Other place] is better than New York during a pandemic
         | lockdown" is not a ringing endorsement of [other place].
         | 
         | It will be interesting to see what happens to NYC's population
         | after the pandemic. I suspect most of the change will have been
         | temporary.
         | 
         | Also, many people fleeing northern cities and California are
         | ending up in Southern cities, which are (spoiler alert) run by
         | the same party.
        
         | gnusty_gnurc wrote:
         | Precisely - if cities with overwhelmingly progressive
         | constituencies can't get their own house in order - what's the
         | chance that a country be different?
        
           | EdwardDiego wrote:
           | /me looks at the USA
           | 
           | I don't think the overwhelmingly... regressive? conservative
           | government you've been running has done overly well either.
        
             | gnusty_gnurc wrote:
             | The federal government is conservative?
             | 
             | Best measure of the size of government is budget, and
             | conservatism values small government. There is nothing
             | conservative about a staggering rise in the spending of
             | federal government.
             | 
             | Neither are any of the procedural changes to congress, lack
             | of deliberation or expansion of the powers of the executive
             | branch.
        
         | chickenpotpie wrote:
         | Remember what the difference between causation and correlation
         | is.
        
           | macinjosh wrote:
           | Correlation != Causation does not apply when the system is
           | under the control of single entity. So many of these
           | governments have been run by the same party for decades on
           | end. If these long-term rulers didn't cause the bad outcomes
           | from the time of their reign that only means they were
           | completely ineffective. Why should ineffective government be
           | kept around?
           | 
           | It is plain stupid to not hold elected leaders responsible
           | for actual outcomes produced under their watch.
        
       | sqrt17 wrote:
       | How about: US citizens saved $34B by not having to stay in the
       | highest COL areas?
       | 
       | Why should we sympathize with a minority of rent-seekers?
        
         | ABCLAW wrote:
         | >Why should we sympathize with a minority of rent-seekers?
         | 
         | I don't really think this is about sympathizing with rent-
         | seekers.
         | 
         | Cities invest in infrastructure to cover anticipated service
         | delivery well before it's due, and the financing for doing so
         | is a multi-decade affair. Before you complain, this includes
         | things like providing running water, roads that are paved, etc.
         | Really core essential pieces of making a city work.
         | 
         | If your tax base moves to suburbs or just plain leaves the
         | city, the city is still on the hook for those payments, so it
         | results in dramatically cut services or increased taxes on
         | residents.
         | 
         | The flight of some of the tax base incentivizes the flight of
         | many, resulting in further cuts to maintenance contracts,
         | preventative work, and the general crumbling of infrastructure.
         | Sometimes this can be gracefully managed by planned downsizing
         | and renegotiating deals with vendors and financiers. In other
         | cases, this doesn't occur and the city simply... dies. While
         | the US is very young and doesn't have many large examples of
         | this, Flint and Detroit come to mind.
        
           | melling wrote:
           | 70,000 in a city of 8 million.
           | 
           | It's less than 1% of the population.
           | 
           | The infrastructure needs don't change much.
           | 
           | How much of the tax burden did those people support?
        
           | CalRobert wrote:
           | "While the US is very young "....
           | 
           | What's that? By what measure? It's one of the oldest
           | continuous governments out there.
        
             | neckardt wrote:
             | The government may be one of the older ones, but many
             | cities are far, far older. Many cities in Europe have been
             | around for thousands of years.
        
               | pc86 wrote:
               | With the same tax structures they have now?
               | 
               | Big shifts in governance tend to reset things like
               | municipal bonds and the like.
        
           | bluedino wrote:
           | >> While the US is very young and doesn't have many large
           | examples of this, Flint and Detroit come to mind.
           | 
           | You mean "most of the rust belt"
        
         | [deleted]
        
         | gnicholas wrote:
         | The article was ambiguous about what the $34B was a measure of
         | (income of the departing residents or the tax income generated
         | by the income of the departing residents).
         | 
         | But the underlying paper makes it clear that it's the former.
         | So it's not accurate to say "US citizens saved $34B...". That
         | was their aggregate income, which is still subject to the same
         | federal taxes no matter where in the US they moved. They would
         | have saved on state and local taxes, depending on the rates of
         | their new home jurisdictions.
        
         | CydeWeys wrote:
         | The average New Yorker has a mere one-third of the carbon
         | emissions as the average American. This is really bad for the
         | climate overall. Dense city living is very efficient; living in
         | the suburbs and driving everywhere is not. NYC is the densest
         | city we have.
        
           | pc86 wrote:
           | I'm not sure there are enough NYers for this to noticeably
           | impact the carbon emissions of the eastern seaboard, let
           | alone the world as a whole.
        
         | threatofrain wrote:
         | We don't have to sympathize with rent-seekers necessarily, but
         | I would wonder if the rest of the city can move as adaptively
         | to wherever opportunity beckons, and whether NY can downscale
         | their city services accordingly.
        
           | toomuchtodo wrote:
           | It serves as a cautionary tale when your budget isn't as
           | agile as those who make up the tax base.
        
             | iratewizard wrote:
             | In a lot of ways, city infrastructure investment is a ponzi
             | scheme with one layer of abstraction.
        
       | Exmoor wrote:
       | The most eye-raising part of this data to me is that 3.5 million
       | people apparently decided 2020 was the perfect year to move to
       | New York. Even if I thought NYC was the place I wanted to live
       | more than anywhere else, I would still heavily consider delaying
       | that move in light of the current health and economic situation.
       | The information on who those people are would be interesting to
       | me.
        
       | ruddct wrote:
       | > About 3.57 million people left New York City this year between
       | Jan. 1 and Dec. 7, according to Unacast, which analyzed
       | anonymized cell phone location data. Some 3.5 million people
       | earning lower average incomes moved into the city during that
       | same period, the report showed.
       | 
       | Uhhh I'd take this with a HEAVY grain of salt, given that it's
       | based off of anonymized cell phone location data. Were this true,
       | 40% of NYC's population has turned over in the past year, which
       | feels like absolute nonsense from anecdotal experience.
        
         | CydeWeys wrote:
         | It's absolute nonsense from my anecdotal experience here in NYC
         | as well. I don't even see how it's remotely possible for a full
         | 40% of NYC's population to have turned over in the span of 9
         | months. New lease signings are _down_ , not up many hundreds of
         | percentage points! Every single thing that would have to be
         | true for this to be true as well, isn't. It's bad methodology
         | from one company trying to get its name in the news and then a
         | media outlet running an uncritical article using this as fact.
         | 
         | We just had an election. Go look at the voter rolls and who
         | actually voted, and for the absentee ballots, where the
         | absentee ballots were sent. There's no way in hell 40% of the
         | voter rolls have turned over since the last time we held an
         | election. The data is out there to easily disprove this
         | ridiculous notion.
        
           | throwaway2245 wrote:
           | > Go look at the voter rolls
           | 
           | I used to do this, and can report the area of London that I
           | lived in turned over 25% of its (voting) residents in a 12
           | month period: that is, in normal times!
           | 
           | Non-voters are likely to turn over even quicker than that.
        
       | john_moscow wrote:
       | I think, this highlights a bigger problem. You can very roughly
       | split people's mindsets into 2 groups:
       | 
       | * Long-termers. They don't mind delayed gratification. They like
       | planning and saving for the future. Most have complex multi-year
       | degrees or have business experience. They are generally happy
       | with life and want to teach their ways to their kids. What they
       | want from the political environment is a clear set of rules (e.g.
       | taxes, laws backed by a truly independent court system) with
       | minimum interference in their lives.
       | 
       | * Short-termers. They prefer instant gratification. They gather
       | credit card debts on impulsive purchases. They live here and now
       | don't want the headache of long-term planning. They are usually
       | less happy with life and expect politicians to appeal to their
       | emotions. Recognize them through identity gestures, say great
       | words, show attention.
       | 
       | Long-termers tend to earn more, except something in our society
       | changed, and they are quickly becoming a dying breed. So many new
       | social policies, especially in high-density areas, are targeting
       | short-termers and blaming long-termers for inequity. Quite
       | predictably, they are leaving these areas, driving the median
       | income lower.
       | 
       | But, what's even more alarming, the same trend is happening all
       | over the West - the middle class of happy independent thinkers
       | satisfied with life, is vanishing, replaced by unhappy low-
       | earners driven by divisive tribal instincts.
        
       | russh wrote:
       | That's a pretty slow start, Hopefully it will ramp up quickly.
        
         | webkike wrote:
         | Why hopefully?
        
       | Firebrand wrote:
       | 3.57 million people left New York City this year to live out
       | their lives in comfort someplace else, and then 3.5 million
       | people hungry for opportunity arrived to take their place. I hope
       | to see similar results in San Francisco.
        
         | DeonPenny wrote:
         | Theres not an infinite amount of rich and successful people 1%
         | of NYC population pays 50% of taxes. These people aren't
         | replaceable.
        
           | yurielt wrote:
           | Rich people are repleaceable not in the short term but they
           | are very much repleaceable specially rent seekers and those
           | whose earnings come only from owning which describes most of
           | the non financial and some of the financial elite of the city
        
         | CydeWeys wrote:
         | There's no way this is correct. I live in NYC and this would
         | represent a turn-over of nearly half of our population. It's
         | simply not true. The study is wrong:
         | 
         | > About 3.57 million people left New York City this year
         | between Jan. 1 and Dec. 7, according to Unacast, which analyzed
         | anonymized cell phone location data. Some 3.5 million people
         | earning lower average incomes moved into the city during that
         | same period, the report showed.
         | 
         | Questionable methodology that clearly yielded incorrect
         | results.
        
         | johnnyb9 wrote:
         | The top 1% of earners pay 40% of New York City's income tax.
         | The real question is how will NYC cope with the decreased tax
         | base.
        
           | criddell wrote:
           | Does it cost more per capita to run NYC than it does smaller
           | cities like Austin?
        
             | foota wrote:
             | Maybe not to run, but the capital investment is probably
             | higher. As well as things like subways, which there isn't
             | one of in Austin.
        
               | abernard1 wrote:
               | Education, healthcare, and public employees are almost
               | always the largest expenses.
               | 
               | For instance, in CA, only about $100M a year out of the
               | $100 _billion_ a year budget is spent on transportation
               | [1].
               | 
               | Because of prop 98 in CA, a _minimum_ of 40% of the
               | budget has to go to education [2].
               | 
               | In NY, it's only 4% spent on transportation [3].
               | 
               | [1] https://ballotpedia.org/Fact_check/California%27s_sta
               | te_budg...
               | 
               | [2] https://ballotpedia.org/California_Proposition_98,_Ma
               | ndatory...
               | 
               | [3] https://openbudget.ny.gov/overview.html
        
       | snissn wrote:
       | i tried to negotiate being month to month at my manhattan apt at
       | the same rate and my land lord wouldn't accommodate me. Now the
       | apt has been unrented for a few months and they're asking for a
       | 10% drop in rent and probably won't get it for a long long time.
       | happily commenting from hawaii
        
         | raverbashing wrote:
         | Real estate, being a straightforward investment attracts those
         | who couldn't be making more money at pretty much any other type
         | of investment.
         | 
         | Hence you get the most clueless people managing the properties.
        
         | [deleted]
        
         | wdb wrote:
         | Probably it's better to write it off as a loss than lower the
         | rent
        
           | ed25519FUUU wrote:
           | The absence of income is not a "loss", certainly not a
           | taxable one. This is not how landlords make money.
        
             | pc86 wrote:
             | The landlord's paying for the building no matter what, so
             | it's possible that depending on how it's leveraged and
             | their income overall, they'd rather lose money and get a
             | reduction in taxable income than break even with lowered
             | rent.
        
           | thebean11 wrote:
           | Why?
        
         | alliao wrote:
         | how'd you compare with your cost of living overall?
        
         | Dig1t wrote:
         | Wow, good for you, that is awesome.
        
       | jere wrote:
       | >In Tribeca, a wealthy neighborhood in downtown Manhattan,
       | residents who left this year earned an average income of about
       | $140,000, Walle said. The typical person moving into the
       | neighborhood earned an average $82,000, he said.
       | 
       | I was going to ask if we might call this "de-gentrification" and
       | if that's a good thing, right? I'm sitting here in disbelief
       | after a quick search reveals that the actual average income is
       | $879,000. So now I'm thinking those numbers above don't mean much
       | of anything.
       | 
       | https://www.businessinsider.com/tribeca-new-york-city-riches...
        
         | blackrock wrote:
         | > residents who left this year earned an average income of
         | about $140,000
         | 
         | Averages tend to mask the true reality.
         | 
         | If a corporate executive makes $10 million dollars a year. And
         | the next 100 people makes $100,000 a year. Then the total is
         | $20 million dollars.
         | 
         | When you divide this by 101, you get an average of $198,000.
         | Which is nearly double what the normal person in this example
         | earns.
         | 
         | The better metric is to use the median salary. Which in this
         | example is $100,000. And the executive's salary is the outlier.
         | 
         | Then again, most executives are paid in tax deferred stock
         | options. And they cash out for a gold pot after a few years.
        
         | trident5000 wrote:
         | Mean is not the same as median. Billionaires drag the mean
         | average up but not the median average. Most people in that area
         | are not earning almost 1 million even though it is pricey.
        
         | jfengel wrote:
         | What you're calling de-gentrification isn't really the opposite
         | of gentrification. Gentrification is the destruction of long-
         | standing neighborhoods and the displacement of poor people, who
         | may have no good place to go and lose their support structures.
         | Often, those poor people rent their homes/apartments, and so
         | they don't benefit from the increase in prices. Their rent just
         | goes up until they have to leave.
         | 
         | Rich people fleeing doesn't bring them back. Whatever they
         | suffered in displacement is just sunk. In the very long term it
         | may form part of a new cycle of gentrification, but only after
         | the neighborhood has lost a lot of its old value and is usually
         | accompanied by the kinds of desperation that poverty causes.
         | 
         | So it's not a good thing -- though you're right that this study
         | is so dubious that it may not even really be an issue.
        
         | mikestew wrote:
         | _I 'm sitting here in disbelief after a quick search reveals
         | that the actual average income is $879,000._
         | 
         | I don't live anywhere near NYC, and probably haven't visited
         | more than a half dozen times, and even I know that $140K/year
         | isn't getting you into Tribeca these days (granted, I
         | occasionally glance at the NYT real estate section). I would
         | expect someone covering that beat to be able to do that gut-
         | check and, I dunno, maybe double-check those numbers.
        
         | vrperson wrote:
         | de-gentrification is a good thing if you don't like cupcakes
         | and cafes and nice restaurants and nice shops.
        
           | yurielt wrote:
           | ANd if you like payable rent non obnoxious hipsters and their
           | shitty music, POC and people that have politics informed by
           | more than buzzfeed
        
       | hikerclimb wrote:
       | Nice
        
       | pushcx wrote:
       | Or in context, they estimate NYC lost a net 0.8% of its residents
       | and the average income of the incoming and outgoing cohorts
       | differ by -$8,055/y. It multiplies to a big dollar figure because
       | NYC is big and rich.
       | 
       | The original content marketing: https://global-
       | uploads.webflow.com/5dc3e2af6a906d9cc232e1bc/...
       | 
       | It explains that they're extrapolating from three NYC
       | neighborhoods (Astoria, Tribeca, and Williamsburg). I'm not an
       | NYC expert and I'm not going to research these claims further,
       | but I think those are quite well-off neighborhoods and not likely
       | representative of NYC in terms of income or pandemic mobility.
       | 
       | This article feels like Reuters lightly rewrote an ad for
       | Unacast.
        
       | octoberfranklin wrote:
       | But... but... but... muh urbanism!
        
         | popup21 wrote:
         | +1 Stay woke, go broke
        
       | ralusek wrote:
       | There is a reason that the people with the most aggressive social
       | policies tend to also be the least in favor of federalism/local
       | politics, because of this exact problem: people will just leave.
       | 
       | If your system makes life worse for a certain group of people,
       | you either need to prevent that group from leaving altogether, or
       | ensure that there is no place that they can go to. If you iterate
       | this to the logical conclusion, you end up with something like
       | "globalism."
       | 
       | In this particular case, this is mostly to do with not wanting to
       | live in places with strict lockdown policies, high rates of
       | homelessness and criminality, while simultaneously paying much
       | more in taxes and living expenses, and seeing few of the benefits
       | of being in an urban hub while doing it.
       | 
       | But my point stands: don't forget how quickly people will be
       | willing to upend their lives at the very moment their existence
       | is sufficiently worse than it would be elsewhere. And when you
       | target the wealthy, you target the people most capable of moving
       | anywhere else.
        
         | gltchkrft wrote:
         | What ever happened to making the place attractive so people
         | actually choose to live there ?
         | 
         | You are talking about forcing people into situations that they
         | are unhappy with, like it's normal or ethical.
         | 
         | The people who pay for the infrastructure and services are free
         | to leave to more attractive places when they feel like they are
         | being exploited. It's the city's responsibility to manage
         | itself in a way that keeps residents satisfied. If the
         | residents feel like they are getting the short end of the
         | stick, they are right to leave and many will do so. Then you
         | are left with those who had no choice and good luck getting
         | them to fund your bloated, inefficient and needless projects.
         | 
         | The policy makers are in charge of just that, making policy.
         | The residents have little control over that, but they do
         | control where they live.
        
         | tqi wrote:
         | > There is a reason that the people with the most aggressive
         | social policies tend to also be the least in favor of
         | federalism/local politics, because of this exact problem:
         | people will just leave.
         | 
         | I don't think that has anything to do with it. Whether people
         | are in favor of or against local politics is mostly based on
         | whether or not they share the same opinions as their local
         | politicians. For example, look at the fight over California
         | Emission standards. People just want to have things their way -
         | everything else is just hot air and posturing.
        
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