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1.) i dont have a driver’s license
2.) the NYC area is pretty much all i know (lame excuse i know)
3.) i like the climate
4.) i like the architecture
5.) and i have a job here that pays the bills
6.) oh yeah and i have no money to relocate
if it was intellectual stimulation and truly interesting people, i wouldn’t really pick nyc as my top choice. not saying they don’t exist here, but it’s very difficult to find them, and when you do they seem a little phoney. i do not think nyc attracts the brightest and most interesting people from the rest of the world.. i feel like it attracts the type of people who bought into something that’s not really there and people who can afford to live here.
im hesistant to hit add reply with this because im sure a lot of my argument is weak and has holes in it. it’s just a general feeling i get about nyc in general, that is all. no offense to anyone else who has found it to be the other way around. it’s possible im not looking hard enough, and it’s possible those kinds of people just aren’t interested in me, so yeah.
*rob*
If that’s the case, Rob, why don’t you move somewhere cheaper?
quote:
If you don’t think there is an incredible concentration of talent in NYC then you are far from an observant person. In fact, that would make you a very dense person, and not very well traveled. Open your eyes and breathe in the air, Rob.
sorry but nyc seems just like everywhere else to me. there is nothing special about being a new yorker anymore with pervasive internet culture, and it seems like most people come to nyc for all the wrong reasons these days. if my observation makes me dense, so be it. we all view the world differently.
*rob*
If you don’t think there is an incredible concentration of talent in NYC then you are far from an observant person. In fact, that would make you a very dense person, and not very well traveled. Open your eyes and breathe in the air, Rob.
There is no doubt in my mind that New York will weather the storm better than the rest of the country despite its dependence on financial services. The question is whether a false sense of hope and optimism is keeping RE prices high relative to the rest of the country. It’s hard to imagine that such a market dislocation would exist after a year’s onslaught of horrible economic data. At the same time, I think the worst is yet to come. Will NYC continue to persevere better than other regions? Or will it get hit relatively harder because other regions have already corrected?
I think there is an amazing amount of talent here, in all kinds of fields. As 11217 said, that’s why many of us moved here. Unfortunately, much of that talent gets sublimated due to down to earth needs such as paying rent, bills, etc.
I’m personally hoping that in this economic downturn, there is still room for expressions of talent that enable those people, including myself, to make a living from it. One must be especially clever, nowadays, and reinvent oneself and one’s product.
I sincerely hope most people don’t allow the media’s doom-Doom-DOOMED! reporting to get us down. It’s not like a giant asteroid is heading for the planet. People survived the Great Depression, they survived Hurrican Katrina, 9/11, floods, tornados and fire. We are a resiliant people. We need to be smart, frugal and alert, but we’re not DOOMED!
something will have to hit the fan sooner or later. do we really think that new york is some oz-like fairy tale place that is immune from a real estate bust of the first order? I sense one is coming.
On the plus side it will lengthen marry marriages.
My fear is that NYC financial services layoffs haven’t had their full impact yet. Many people have been laid off and remain unemployed, but still have significant severance or savings or unemployment. What happens when that runs out?
I don’t want to see it, but I think we’ll be seeing a lot more people forced to sell real estate in the next year.
quote:
New York still has an amazing concentration of talent.
that’s odd. i consider myself a very observant human being, and just don’t see that. at all.
*rob*
Meanwhile back in the reality that is truly the consensus: the S&P 500 is up 141 points after all this bad news today (no one even mentioned consumer confidence which was at an all-time low) and it’s trying like hell to break out above 900. Talk about climbing a “wall of worry!”