[Ed. – What could be causing this mass exodus. Oh, that’s right.]
Anyone that can afford to get out is leaving. 800,000 so far. Just this year.
They finally pushed people too far there. It was not the taxes. Not the high prices. It was the loss of freedom and the loss of police protection.
15,000 apartments for rent. Rent dropping. Tax base eroding.
Companies leaving. Its an economic meltdown. Pretty soon they won’t be able to afford to pick up the garbage.
The rats are going to start getting aggressive.
Private sector jobs in New York City fell by 758,400 over-the-year to 3,322,100 in June 2020. Losses were widespread and occurred in leisure and hospitality (-278,900), trade, transportation, and utilities (-136,700), professional and business services (-113,400), educational and health services (-73,900), other services (-54,800), natural resources, mining, and construction (-38,200), financial activities (-34,200), manufacturing (-14,700), and information (-13,200).