Comment on Trump fraud ruling reveals New York's 'assault' on real estate, 'Mr Wonderful' says: Move your business out

<- View Parent
mirror_slap@lemmy.world ⁨7⁩ ⁨months⁩ ago

Agreed. New York is on the decline. It’s not really to do with New York itself though - Covid has hammered all big cities in the USA. Remote work made companies realize they can get the same work done without the crazy cost of paying for workspace. See the same in 3 other cities I have customers - Houston has an ongoing exodus of higher paying jobs due to unpopular Texas policies combined with remote work. I used to go there on a monthly basis. Our office there closed in December, and we’re a leading IT company. Raleigh NC is another example like that, but not quite as bad. Basically any city with a high percentage of jobs that migrated to remote work have been hit hard. What follows those jobs leaving is decline of all the restaurants and other businesses that depend on those folks living there and spending money. I have one co-worker that moved from Houston to Sault St. Marie Michigan - wayyy up north. He literally got in a bidding war for a house up there. Pre-covid that would have never happened. I have another peer that lived in Detroit proper, and is now living on the Oregon coast a stones throw from CA. Of course these are all anecdotal accounts, but the stats I’ve read all point to a system change away from urban centers prompted by remote work. I know that’s what it was for me too.

source
Sort:hotnewtop