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ironichaos t1_j982yir wrote

It’s an interesting problem because people want to live in nyc for all it offers. However, it looks like around 50% of office workers have no desire to come back and prefer wfh either in nyc or somewhere else.

I’m curious to see if nyc has staying power to be a world class city because it’s great or was it so popular because that’s where business happened. Now that business has shifted to happening all over the place over zoom will we see a declining population here?

Obviously I get the draw to Miami/Austin/Atlanta/etc. but over the next 10-20 years will those cities continue to grow or will people decide to move back/continue to move to nyc over those other places after graduation.

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ehsurfskate t1_j9a9zln wrote

My prediction is that NYC will have the staying power for young people but will lose some for the 45-65 crowd who are already established and looking for a lifestyle arbitrage of living somewhere that has a lower cost of living and working remote most of the time.

For younger people my guess is the NYC draw of things to do, places to eat and experience, the potential of finding a mate and friends and the ability to build their network will persist.

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ironichaos t1_j9aes3x wrote

Yeah I think that’s a good prediction. Only time will tell though.

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General-Silver-4004 t1_j9d7zxp wrote

You assume young people know they want all that.

When I was in my twenties it took a massive pay raise to convince me to leave the woods which eventually lead to trying new foods, finding a spouse, and having fun (while wasting money on rent).

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WideCarnivorousSky t1_j9aiu1h wrote

I am one of the many people who never step foot in the office and choose to live in NYC because it's an awesome city. I don't think I'm super unique in this. Assuming Austin, Miami, etc., somehow supplant NYC for all of its benefits, they will become equally unaffordable and people will move back here.

I think the city will be fine.

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IloveSeaFoood t1_j9b85jl wrote

People come to NY for Central Park, museums, shows, clubs etc , not for skyscrapers in midtown

Sure, we will have to get creative and find alternatives for tax revenue/cutting spending but New York as a brand and icon won’t disappear just because the Dunkin’ Donuts on 47th closed

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PostPostMinimalist t1_j9842mq wrote

It’s very easy to see this happening. In fact it might already be happening (population estimates are clearly down, but they are also unreliable so definitely not proof).

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