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nyc coming back to life or gone as we knew it pre 2020? thoughts?

nycdude

Registered Member
Messages: 660
Reviews: 18
Joined
I agree with you. Overall, NYC is still better than anywhere else (especially compared to Seoul, Korea) and I also believe that overall, things will get back to normal as early as the end of this year.

I stay at my place in the UWS once a week and it’s busy and my neighbors are traveling already. lol

I’m very fortunate that my few commercial tenants in NYC have paid their rent in full during this pandemic.

In K-town (32nd Street), half of the Korean business owners are struggling financially. But they are remaining strong and positive. Many owners are also delivering food to help cut cost.

The deli owners are struggling because they make most of their money from the buffet (huge profit margin for them too) and because most office workers are working from home and many constructions coming to a halt, their revenue has dropped by half. Also, most New Yorkers are no longer paying $15 for a sandwich and drink. They’d rather spend $5 for two slices of pizza and a can of soda. So it’s a struggle for deli owners.

Laundromat owners are doing fine especially those who know how to fix the washers and dryers.

For dry cleaning owners, their business is down around 25% because most office workers are not dropping off their suits and business attire since they’re working from home.

Pizzeria owners are doing well. Several owners I know are profiting at least $2K a day. So good for them.

Some of my friends are landlords of amps and last year, quite a few of them were behind on their rent. But have rebounded and business is slowing growing for them. So good for them.

As for the Yankees, they don’t look good. lol.
Do you think this will be like a stock market correction, where the general price of things, the style of living will be lower ? Maybe this will lead to more separation between the rich and poor where the rich got richer and poor got poorer ?
 

Hakk

Registered Member
Messages: 68
Reviews: 1
Joined
I grew up in New York City, so it pains me to say this, but it’s on a permanent downward spiral, thanks to woke progressive lunatics.

I’m looking into retiring in Australia, where people still seem to still have some common sense.
Australia is like Florida of the pacific with better wildlife
 

이 회장님

Review Contributor
Messages: 5,382
Reviews: 112
Joined
Do you think this will be like a stock market correction, where the general price of things, the style of living will be lower ? Maybe this will lead to more separation between the rich and poor where the rich got richer and poor got poorer ?
My guess is there will be more separation between the rich and poor.

I know several business owners who did not renew their lease because the landlords raised the rent so they vacated.

Within a month, someone else with more money signed a new lease and is doing construction and plan on opening up a new business within the next few months. These soon-to-be new business owners have told me that they are banking on things to be much better by around July and that’s when they will open up.

So the style of living will be tougher for some and better for others. It’s an unfortunate cycle.
 

saral

Review Contributor
Messages: 160
Reviews: 34
Joined
I agree with you. Overall, NYC is still better than anywhere else (especially compared to Seoul, Korea) and I also believe that overall, things will get back to normal as early as the end of this year.

I stay at my place in the UWS once a week and it’s busy and my neighbors are traveling already. lol

I’m very fortunate that my few commercial tenants in NYC have paid their rent in full during this pandemic.

In K-town (32nd Street), half of the Korean business owners are struggling financially. But they are remaining strong and positive. Many owners are also delivering food to help cut cost.

The deli owners are struggling because they make most of their money from the buffet (huge profit margin for them too) and because most office workers are working from home and many constructions coming to a halt, their revenue has dropped by half. Also, most New Yorkers are no longer paying $15 for a sandwich and drink. They’d rather spend $5 for two slices of pizza and a can of soda. So it’s a struggle for deli owners.

Laundromat owners are doing fine especially those who know how to fix the washers and dryers.

For dry cleaning owners, their business is down around 25% because most office workers are not dropping off their suits and business attire since they’re working from home.

Pizzeria owners are doing well. Several owners I know are profiting at least $2K a day. So good for them.

Some of my friends are landlords of amps and last year, quite a few of them were behind on their rent. But have rebounded and business is slowing growing for them. So good for them.

As for the Yankees, they don’t look good. lol.
Agree 100% about Yankees. Another listless effort tonight. But though I'm a lifelong Yankees fan, there are more important things than baseball right now.
 

sunnyside_monger

Review Contributor
Messages: 31
Reviews: 3
Joined
I grew up in New York City, so it pains me to say this, but it’s on a permanent downward spiral, thanks to woke progressive lunatics.

I’m looking into retiring in Australia, where people still seem to still have some common sense.
if you're going to flee NY because of liberal policies, Australia is not going to be any better. In the three major issues that divide liberals versus conservatives, Australia is definitely more liberal.
1) Socialized heathcare: Medicare is a single universal health care scheme that covers all australian citizens and permanent resident
2)Taxes: Australians pay higher taxes. the highest tax bracket in Australia is 45% for income over $180000 AUD versus 37% in the US for income over $518000
3) Gun Control: Australia has very strict gun control laws.
 

bacongrease

Review Contributor
Messages: 164
Reviews: 47
Joined
Personally, I think this year is going to be tentative... depending on covid, but over the next 12 months, I could see traffic coming back 66-75% of precovid levels. But dont think its coming back all the way. Too many companies were able to get work done remotely, saving money on office space is huge. Some companies, had already been looking outside NY to move office/headquarters, to reduce staff/tax, before covid.
 

br2k

Review Contributor
Messages: 689
Reviews: 19
Joined
Couple of personal thoughts....but firstly to the poster that said if you don't live in Manhattan then your opinion doesn't count

It's a bit pedantic to discount the thoughts of anyone that doesn't live in Manhattan. Many posters don't live in Manhattan, but offer a wealth of reviews at the various Manhattan-based amps. Including yours truly. If you have a problem with folks that live in the outer boroughs but offer reviews for Manhattan then don't bother reading any reviews and go elsewhere. Last time I checked, the forum is called "New York City/Manhattan" and not "New York City/Manhattan Residents Only Reviews"...

Second, New York has remade itself countless of times.
- Did you know NY had a sizable manufacturing presence? Guess what happened when manufacturing moved away? NY thrived.
- Post 9/11? NY thrived
- Real Estate Crash? NY Thrived

The main point I want to convey is as long as NY continues to attract talent, then it will continue to reshape itself. What I'm hearing today is the same things I've heard 20 years ago.

Don't let the door hit you on the way out.
 

Hakk

Registered Member
Messages: 68
Reviews: 1
Joined
Couple of personal thoughts....but firstly to the poster that said if you don't live in Manhattan then your opinion doesn't count

It's a bit pedantic to discount the thoughts of anyone that doesn't live in Manhattan. Many posters don't live in Manhattan, but offer a wealth of reviews at the various Manhattan-based amps. Including yours truly. If you have a problem with folks that live in the outer boroughs but offer reviews for Manhattan then don't bother reading any reviews and go elsewhere. Last time I checked, the forum is called "New York City/Manhattan" and not "New York City/Manhattan Residents Only Reviews"...

Second, New York has remade itself countless of times.
- Did you know NY had a sizable manufacturing presence? Guess what happened when manufacturing moved away? NY thrived.
- Post 9/11? NY thrived
- Real Estate Crash? NY Thrived

The main point I want to convey is as long as NY continues to attract talent, then it will continue to reshape itself. What I'm hearing today is the same things I've heard 20 years ago.

Don't let the door hit you on the way out.
people who don’t live in Manhattan don’t have any valid opinions on whether or not Manhattan is a good, bad, fair, overpriced, crime free, crime infested place— you don’t see us commenting on whether or not we want to live in queens or Newark or Hoboken or wherever the fuck people reside. It’s not about the reviews my dude— it’s about whether or not you eat, sleep, breathe and do business in this place 24/7. No one can dispute that! Don’t forget to pay the toll on your way in and out harharharhar!!!
 

br2k

Review Contributor
Messages: 689
Reviews: 19
Joined
people who don’t live in Manhattan don’t have any valid opinions on whether or not Manhattan is a good, bad, fair, overpriced, crime free, crime infested place— you don’t see us commenting on whether or not we want to live in queens or Newark or Hoboken or wherever the fuck people reside. It’s not about the reviews my dude— it’s about whether or not you eat, sleep, breathe and do business in this place 24/7. No one can dispute that! Don’t forget to pay the toll on your way in and out harharharhar!!!
Doubt you're even from NY. You're probably one of those midwestern "folk" that moved into Manhattan at some point and all of a sudden thinks you're important. I'm sure your mom thinks you are.

Honestly, you're a troll at this point.
 

Hakk

Registered Member
Messages: 68
Reviews: 1
Joined
Doubt you're even from NY. You're probably one of those midwestern "folk" that moved into Manhattan at some point and all of a sudden thinks you're important. I'm sure your mom thinks you are.

Honestly, you're a troll at this point.
nothing wrong with having pride and respect for where you’re from ... I can assume a lot about you but I’ll leave that for you to feel sorry about. Check your tude at the door buddy!!!!
 

Defyeler

Review Contributor
Messages: 349
Reviews: 12
Joined
Personal thoughts.

I grew up in NYC. I'm still in NYC. I live in Hell's Kitchen, I have a family home in Brooklyn I bought in the early 90s, where my mom lives now. I run a business in midtown.

It's been a painful year and a half financially, emotionally, especially for me personally. But it's getting better by the day. My office building is still 50% empty. I snagged a second apartment closer to my office (not like I was far to begin with in HK, 15 minute walk) because the rents dropped like crazy around here. I'm holding on to it to sublet down the road. I expanded my personal office and took the entire floor instead of just a wing. I moved everyone to the rest of the floor, now my personal office is 700sq ft of emptiness, and I love it.

What I want to say is, I'm putting my money and my mouth exactly right here in NYC. I love this city. I was around when it was a trash shit hole. The 70s when Timesquare was just a dump and 8th ave was basically streetwalker town. The 80s where Timesquare was a porn theater district and you can score crack or heroin from almost any dude just hanging around. The 90s when things were starting to turn around, Timesquare was building up to be a commercial tourist mecca. The gang wars in Chinatown, Ghost Shadow, Green Dragons, Gold Dragons et al. The 2000s.. I'm waxing nostalgic. We're going to be fine. There was a small exodus during the market crash in the 90s, then 9/11 happened in 2001, then the market crashed in 2008 and a small number of people left. We always bounced back, because everyone knows, Manhattan is probably a small microcosm of America in general. This city is built by people who aren't originally from here. Sure, a lot of us are from here, but so many offices, workers, new kids that just graduated school, they come from all over the country. The big 4 tech are entrenched here now and brought so many "bro dudes" with them from the west coast.

NYC will never die, the 50+ years I've been here, we've always risen from the ashes.
 
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