Will NYC rebound after the Wuhan coronavirus pandemic?
Small spaces, dense population, high rent, crime rates, and poor governance were already things that some New Yorkers complained about. Now that there have been thousands of deaths in the city because a virus spread rapidly, people are rethinking living in the city.
Waves of people are trying to leave New York for the suburbs and smaller cities amid growing fears that the city may never return to its former glory or that it will take years to get there.
Among those fleeing are parents with young children who had already been eyeing moves to suburbs and were give a push when the pandemic hit, and frustrated singletons who no longer see the point in paying exorbitant rent prices for small apartments when there is no city beyond their homes for them to enjoy.
It has sparked questions of whether New York will bounce back – like it did in the 1920s after the Spanish Flu, when there was a spike in creativity and population growth – but also fears that the Big Apple, beloved for its chaotic density and busyness, may never be the same again.
This pandemic has revealed that some Americans really can change the way that they live and it isn’t necessary to live in the heart of the city. People are looking to move into the suburbs and beyond.
Demand for suburban real estate is booming, but it is plummeting in Manhattan. According to Urban Digs, demand in Manhattan is down 77%.
Alison Bernstein, who runs a service called Suburban Jungle which matches city clients with suburban homes, told DailyMail.com she has seen a surge in interest in suburban properties and properties in other cities…
…The househunters are bolstered by the knowledge that they can work from home with more ease than they previously thought.
‘Typically, they would have to be within 40 minutes of the city but now they can work from home they have started pushing further out,’ she said.
Many of her clients are young families.
Bernstein says that she has seen an increase in families with young children who are finding life in the concrete jungle difficult these days. With New York’s shelter-in-place order and highrise living (with young children touching elevator buttons,) it’s difficult for a young family to manage both kids and telecommuting in a small apartment. With the weather warming up, and nowhere to take the kids due to park closures, young families are longing for a yard to call their own.
But, Bernstein has also seen a bump in young, childless singles also looking to leave and want to head to places that are less expensive and with warmer weather like Austin or south Florida.
New York has seen this kind of exodus before and has bounced back–even after a deadly illness that spread rapidly as the Wuhan coronavirus did.
One of NYÇ's most creative periods was the 20s after the Spanish Flu. This virus will send some families away & make rich people flee to safety, but it will also draw the young, ambitious & creative to the city. https://t.co/hshBWkBD1f
— Richard Florida (@Richard_Florida) April 21, 2020
NYC’s population actually grew by 1.3 million in the 1920s. In fact, during the 20s, NYC had a higher growth rate (23%) than in the prior decade (18%) and all subsequent decades. pic.twitter.com/oCt3AW74rj
— Jonathan Bowles (@jbowlesnyc) April 21, 2020
The question is, will it bounce back again?
‘The obituary of New York City has been written more than once. And it’s always been proven incorrect,’ James Whelan, the head of the Real Estate Board of New York, said.
Source: Daily Mail
We live in different times with a different set of values. Americans on the left of the political divide are increasingly wanting to be taken care of by the government and have prioritized safety over liberty. They want things handed to them and have “the rich” pay for it. They want their college degree, but without the bill that goes with it. They want to have fantastic healthcare, but don’t want to pay for it like other services. Democrat politicians were willing to tax the hell out of their citizens and offload the actual costs of their bad policy decisions on better-run states by using federal tax deductions–at least, they were until the Trump administration axed the SALT deduction.
Now we have people living in those badly-run states asking the question–Is it really worth it? For many, the answer seems to be “No.”
Just one thing–don’t bring your socialism with you to wherever it is you go, because that’s one of the reasons why you left. That’s what people mean when they say, “Don’t California my Texas.”
And don’t New York the other red states, either.
