instance, my daughters had thriving businesses in NYC that have effectively been closed since April. They are with me now in Fl. The oldest has her Manhattan apartment lease ending in August, the youngest with her fiancé is trying to break her lease. Together they will save $100K per year in lease payments. Importantly, they will continue to operate their businesses from my home.
I see many families going back to the immigrant model with numerous family members living under one roof to save money until opportunities return. That will put a huge strain on owners of apartment buildings, home builders, and lenders.
Do any other posters have similar stories?
In the future I see stories about what you did before the pandemic and what you did after. Including job and location changes. Kinda like BP and AP, to replace BC and AC.
but her whole life is working and working out and she bails out her coworkers on her team all the time. At age 26 she is doing fairly well but is looking to get a promotion because she busts her rear and everyone loves her work and seems to take advantage of her. She is the ND double Domer. My older one unfortunately has a personality that makes her liked by people over 45 and not so much by people her own age. She is very intelligent on a number of subjects and works in HR normally but got stuck in this pandemic and laid off. She is a genuinely great girl and is empathetic with anyone who has a problem. Both are home right now, the younger one working her ass off and the older one looking for work. But I am more worried about them because of the current democrats will kill their time if they beat Trump and keep the House and take the Senate.
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LMAO.
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Just calling out Donald 64 on his hypocrisy (selective criticism and selective praise, based not on the act criticized or praised, but based on the individual being commented upon...just basic politics...if Biden were doing the same things, he and you would be praising the acts).
for dining. Traffic which is always crazy this time of year is still crazy with visitors. Location, location, location, even Donald can not trump location.
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what a fuck up Donald was, 4 times as many people donated to the Dems as donated to the Repubs. This election cycle probably 10 t0 1.
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contribution to Donald to offset all those who no longer support him?
Make that 10,000.
After all, Tulsi wasted my contribution, didn't she.
Woody is a deadman walking.
My 20 year old, college student daughter lost her jobs and all of her classes have been switched to online. As a result she has moved back in with her mother and me.
My youngest brother also lost his job and unless the unemployment benefits are extended, there's a good chance he will be moving back in with my parents.
It's devastating. The vaccine can't come soon enough.
Paraphrase of Lou Holtz on TV last week.
Crazy that schools aren't opening back up. I'm glad ND isn't shutting down and going to online classes.
We need to be smart (distance; mask; wash; disinfect; isolate the weak; kids get sick, send them home like nomal), but other than that, let the less-at-risk live their lives. This is not the plague. Show concern and use reasonable care, but don't freakout.
End rant. Not directed at you, DRO.
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the re-up says he can cancel anytime so basically he got 8 months for nothing.
PB, I normally agree with you, but as far as NYC is concerned, I do not think De Spazio's city-destroying policies will last much longer. He'll either change his policies after the November election or, since he's term-limited, his policies will change the following year by whoever NYC elects, and that will likely be more of a law and order type like Eric Adams.
Once De Spazio is gone and perhaps COVID wanes, the City will come back. Everyone wants to live in the City, even for just a few years before the kids come along.
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Glut of commercial space as NY corporate footprints shrink.
Restaurants/bars/clubs will be decimated. Many are hanging on by their fingernails hoping for a return to normalcy that will never come.
Whenever virus is behind us, population and number of potential patrons will be way down here....no avoiding that now.
People are buying real estate out in the suburbs big time...at least in the short term here.
Long term I don't know what that means if NYC itself is ultimately less desirable.
But yes there should be some changes even big changes in NYC probably real estate policy as far as commercial rentals go.
The population will remain the same if not rise.
Why? ...In a very uncertain economy with massive unemployment...
Same is happening in NJ and Connecticut per relatives I have there...
NYC is in for a rude awakening. Already know many of my clients that are intent on decreasing their office space here...
are going to pay a high price for their greed over the last 2 1/2 decades. I just hope it reflects residential rents too. Probably won't but it could.
Over recent history, NY's high end apartments have been going through the roof. In part because the winners in ascendant economies world-wide would speculate on the top-end apartments there in the tens of millions of dollars as an investment and then often rarely or never use these properties. just holding them for the appreciation.
The problem is the high-end speculation was helping to pull everything else up. Values went up 30% since 2011 with the first sales of properties over $100 million happening in 2015.
I think much more than 30% - what were easy to afford or easier to afford tenement apartments rents had gone from lets use a base of $250. per to $1100. per, to now $3000. per month. And
these apartments were often sub-divided into studios or Jr. One Bedrooms for those prices. Giuliani raised property taxes then Bloomberg raised them by almost double from there to fill the city coffers.
My office lease went from reasonable $'s per month to unreasonable $'s in the course of 6 months - a terrible lease agreement back in 1990 cause that to happen but we needed to be in that building
for a reason. Oh well. I had us move to a better location for better $'s almost immediately. It took that building several years to find someone to take the space we vacated.
The greed of landlords coupled with the mayor's needs to see financial health of the city through property taxes along with tax breaks for the big corporate players on Wall st.
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A serious post by me for the more cogenent members on this board. But alas you are not one of them.
responding to this dimwit
out of hand, right?
The guy who took six months to say, "wear a mask" but then qualified it by noting, it's your choice.
The buck stops in the Oval Office - dumbass. Don't go blaming this on anyone else but the douchebag N chief.
You have serious issues. And if you think Biden is the answer to all our problems you are even dumber than I think.
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Btw anyone know if Donald will have another Donaldvirus presentation this afternoon? Hope so, love to watch him go off the rails.
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