Unfortuantely as a property owner in NYC, I see that trend ending. The biggest reason is technology and WFH, but you are hitting on others. The "homeless" (a completely misleading and disingenuous term) crisis in big cities - most notably LA and SF but also New York, palpable increase in violent crime, decreasing quality of life (pot smoked everywhere on the streets, public urination, etc), etc. are also major factors. I have had two of my friends move from NYC to Palm Beach in the last 9 months and neither wants to come back: they do not see the subway as even usable in this environment. I know that is anecdotal but the anecdote support the facts: NYC and SF were the two cities with the largest outflows in the US in 2021.

I think a lot of this can be fixed with competant management, but I am not optimistic at all about the management of our cities. Even a guy like Adams seems to be saying the right things but is having trouble getting things done so far. When a bunch of leftist mid-level beaurocrats turn the Amazon HQ away from Astoria really for no good reason at all, it is hard to have much hope.

[Post edited by nyhoo at 05/16/2022 12:56PM]