New York is having a rough time

EcPT3ZVX0AAMmpk

NYC experienced a giant resurrection in late April?


Imagine a situation where you have an arrest warrant for a some guy suspected in an armed robbery from the night before. Its Saturday Night after 10pm. You pull onto his street and there are 10 to 12 grown men just lounging around in front of his bldg. You know some of them are probably armed, some are already 2-time felons and they dont want to go back a third time.

Who wants this job?

Would you have wanted that job 3 months ago either? Or 3 years ago? Or 30 years ago?
 
Good article - worth a couple minutes

" .... Cabbies also work for themselves and that comes with the dangerously right-wing attributes of self-reliance and discipline. They’re overwhelmingly men, although that has declined in the last 20 years from 87 percent to 82 percent, according to the Bureau of Labor Statistics. Then there’s all those legal immigrants, about 43 percent of taxi drivers. Many fled decaying or socialist nations; for them, America remains a shining city on the hill. Try asking a Nigerian immigrant driving your cab about Black Lives Matter and you’re sure to get an earful, as I have many times.

In my travels, the only possible exception to the conservative cabbie phenomenon may be Miami where the nation’s worst and most astoundingly incompetent Uber drivers operate. And I’m far from the only one to have noticed this. While visiting sunny South Florida it’s generally impossible to know what the man behind the wheel thinks politically because I have yet to meet a single one who speaks a word of English. ..."

Taxi cabs are New York’s right-wing safe spaces on wheels | Spectator USA
 
After cutting the NYPD budget (some reports say by 100s of millions) to appease BLM rioters, comrade de Blasio now is asking for a bailout. And is threatening to lay off firefighters if he is not allowed to force other Americans not living in New York to make up the budget shortfall that he created himself
This is pretty close to what a Mafia shakedown looks like

FL population— ~21,000,000
NY population— ~20,000,000

FL state budget—$177B
NY State budget—$348B

FL education budget—$28B
NY education budget—$69B

FL Income tax—0%
NY Income tax—8.82% state + 3.876% nyc

Bill de Blasio Confirms $1 Billion Cut from NYPD Budget – True Pundit
 
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...including the Mayor.

I've heard an interesting conspiracy theory I never thought of. With all the people moving out of NY the property prices are beginning to tank big time. Lots of million dollar properties are going to be sold for pennies on the dollar. Some people are now saying this was the plan all along for the mayor and his rich friends to swoop in and get some cheap deals and when prices go back up they will make out like bandits. Evidently the NY mayor also owns a lot of properties in the city already.
 
I've heard an interesting conspiracy theory I never thought of. With all the people moving out of NY the property prices are beginning to tank big time. Lots of million dollar properties are going to be sold for pennies on the dollar. Some people are now saying this was the plan all along for the mayor and his rich friends to swoop in and get some cheap deals and when prices go back up they will make out like bandits. Evidently the NY mayor also owns a lot of properties in the city already.
But if crime continues to increase who will want these properties? Police protection has gone from poor to non-existent. Many businesses that have been closed for almost 6 months will never reopen. The exodus out of NYC has accelerated since the Covid. With the properties being overpriced to begin with, I say the mayor is welcome to the properties.
 
But if crime continues to increase who will want these properties? Police protection has gone from poor to non-existent. Many businesses that have been closed for almost 6 months will never reopen. The exodus out of NYC has accelerated since the Covid. With the properties being overpriced to begin with, I say the mayor is welcome to the properties.
I'm in Tx but I work for one of those big Wall Street banks and pretty much everyone is talking about not needing to be close to the city anymore and how they are free to move out now. The exodus is just starting. All these companies going WFH means that people aren't tied to the city anymore. They are going to beat feet as soon as they can. The commercial rents are going to go through the floor in the next 12 months.
 
Maybe COVID can be a blessing. If it disrupts enough of the entrenched elite interests, maybe it opens up some opportunities for good change. Universities all going virtual may hurt elite school reputation, etc.

But if won't if those who would make the changes don't step up and lead to the new way of doing things.
 
Maybe COVID can be a blessing. If it disrupts enough of the entrenched elite interests, maybe it opens up some opportunities for good change. Universities all going virtual may hurt elite school reputation, etc.

But if won't if those who would make the changes don't step up and lead to the new way of doing things.

If college culture and idiocy gets reined in, that alone will make the pandemic worthwhile.
 
I'm in Tx but I work for one of those big Wall Street banks and pretty much everyone is talking about not needing to be close to the city anymore and how they are free to move out now. The exodus is just starting. All these companies going WFH means that people aren't tied to the city anymore. They are going to beat feet as soon as they can. The commercial rents are going to go through the floor in the next 12 months.
I got rid of every REIT exposure I had in my investments for precisely this reason.
 
I got rid of every REIT exposure I had in my investments for precisely this reason.

Smart move. I personally have liquidated every asset I hold except for my house. I feel confident if money is still worth something after the election there will be a major correction and it will be Christmas for anyone with liquid capital.
 
Smart move. I personally have liquidated every asset I hold except for my house. I feel confident if money is still worth something after the election there will be a major correction and it will be Christmas for anyone with liquid capital.
I invested in REITS because I think they will outperform S&P once a vaccine is approved.
 
The state of New York has been caught fudging nursing home deaths after quietly changing reporting rules

New York has omitted an unknown number of coronavirus deaths in recent reports regarding residents of nursing home and adult care facilities, the New York State Department of Health acknowledged in a statement to the Daily Caller News Foundation.

In early May, those reports quietly began omitting long-term care residents who died of coronavirus in hospitals. Even so, New York still leads the nation with 5,433 reported deaths at nursing homes and adult care facilities as of Wednesday.

The revelation comes as New York Gov. Andrew Cuomo faces criticism for ordering nursing homes and other long-term care facilities to accept patients from hospitals who had tested positive for coronavirus. Cuomo rescinded the March 25 order, which experts say led to higher levels of death among nursing home residents, on May 11 to allow such facilities to wait until a coronavirus patient tests negative before readmitting them.

EXCLUSIVE: New York Admits Knowingly Undercounting Nursing Home Deaths After Quietly Changing Reporting Rules
 
And Cuomo is trying to shut down an independent investigation of him and his policy that sent infected people into nursing homes.
 

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