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re: There are now over 13,000 empty apartments in Manhattan — an all-time high

Posted on 8/17/20 at 3:32 pm to
Posted by dukke v
PLUTO
Member since Jul 2006
216037 posts
Posted on 8/17/20 at 3:32 pm to
Agreed...BR is a shithole for the most part....
Posted by I Bleed Garnet
Cullman, AL
Member since Jul 2011
54846 posts
Posted on 8/17/20 at 3:35 pm to
quote:

I don't love WFH full time

I fricking hate it and I'm glad It didn't happen to me for all this.
Posted by HempHead
Big Sky Country
Member since Mar 2011
56518 posts
Posted on 8/17/20 at 3:37 pm to
quote:

I fricking hate it and I'm glad It didn't happen to me for all this.



It gives me an excuse to be a lazy piece of shite and look at the internet all the time. I love it. Granted, I was doing that before this all happened, so not much has changed.
Posted by I Bleed Garnet
Cullman, AL
Member since Jul 2011
54846 posts
Posted on 8/17/20 at 3:38 pm to
quote:

look at the internet all the time.

I mean I have a bunch of monitors and have so much energy that I can multi task.
(i'm doing it now and have been for the last 6 years)
I’ll burn out eventually, better get it all in while I got the energy
This post was edited on 8/17/20 at 3:44 pm
Posted by OMLandshark
Member since Apr 2009
119977 posts
Posted on 8/17/20 at 3:44 pm to
quote:

I think someone made this comment on the poliboard:

"DeBlasio has done more damage to NYC than Osama bin Laden"


That was me.
Posted by kingbob
Sorrento, LA
Member since Nov 2010
69226 posts
Posted on 8/17/20 at 3:48 pm to
I don’t need cash, I need a job, which is tough because I’m an attorney who, at present, is only licensed to practice in Louisiana. I have a decent job here in BR and it affords me a pretty great life by BR standards (absent Covid, of course). I have a useful undergrad degree in cm, but most of my experience is in industrial construction. Industrial construction is way down right now, and most places that are still working are kinda terrible. Plus, I left that career for reasons, many of which are still valid.
This post was edited on 8/17/20 at 3:49 pm
Posted by Sun God
Member since Jul 2009
49709 posts
Posted on 8/17/20 at 3:49 pm to
I have a petroleum engineering degree

I don’t feel sorry for you a bit

CM degree alone should open plenty of doors. Just gotta re-evaluate maybe.
This post was edited on 8/17/20 at 3:50 pm
Posted by kingbob
Sorrento, LA
Member since Nov 2010
69226 posts
Posted on 8/17/20 at 3:50 pm to
Nor should you. I started out in PETE but changed majors in 2011. Definitely not a decision I regret.
Posted by TejasHorn
High Plains Driftin'
Member since Mar 2007
11587 posts
Posted on 8/17/20 at 3:52 pm to
Not for nothing, but Manhattan has always had the best gender ratio if you're a single dude and can afford it.

And we're not talking OT 4's either.

Will be interesting to see how that's impacted.
Posted by Sun God
Member since Jul 2009
49709 posts
Posted on 8/17/20 at 3:53 pm to
You definitely made the right move. I graduated with 50-60 people in my PETE class.

I think that number had increased tenfold when my little brother graduated in 2018
Posted by Centinel
Idaho
Member since Sep 2016
44142 posts
Posted on 8/17/20 at 3:56 pm to
quote:

Many companies are realizing that they can save a good amount of overhead by going to a virtual office and cutting their office square footage in half.


That would be us. We have offices in Boston, NYC, Baltimore, Miami, LA, Denver, Atlanta, Charlotte, and DC. Our exec committee realized we could save a metric shite-ton of money on real estate expenses by moving most of our smaller offices work from home and collapsing down these big ones in expensive real estate areas.

Posted by I Bleed Garnet
Cullman, AL
Member since Jul 2011
54846 posts
Posted on 8/17/20 at 4:27 pm to
quote:

Will be interesting to see how that's impacted.

I think more people will leave earlier in their life
Like instead of getting married and spending some time maybe have a child there for 1-2 years, they’ll get married and move to NJ,CT, LI or Westchester

more younger people right out of college , especially those that start on a Wall Street with lower paying jobs and have to have a roommate or 2

Then again I could see younger people completely ditch Wall Street jobs because the pay is shite, the work life balance sucks and it’s not the Tech companies
Posted by Mahootney
Lovin' My German Footprint
Member since Sep 2008
12122 posts
Posted on 8/17/20 at 4:40 pm to
When there's blood in the streets, buy Property.
Posted by kingbob
Sorrento, LA
Member since Nov 2010
69226 posts
Posted on 8/17/20 at 4:40 pm to
No one wants to live in the suburbs when they’re 20. Young people want to live places where they have easy access to food and nightlife because they want the chance to meet someone of the opposite sex. Big cities with jobs and relatively safe neighborhoods still offering that experience will still be desireable after Covid. However, cities which do not, will not be. I don’t think we’re about to see a major shift in urban to suburban for twenty-somethings, but we may see a big shift in what cities are the trendy cities to move to.

For the last 10 years, Austin, Portland, Seattle, Denver, Brooklyn, and Nashville have all been super trendy. I can see some of those continuing to boom while others are replaced by new hip places.

The reality is that high population density, walkable cities with diverse restaurants and thriving nightlife in relatively safe neighborhoods will always have an appeal. Suburbs are only good for raising children to send to public schools.

I think the real shift will be families to rural small towns where their parents or grandparents grew up or tourist sites (beach towns and ski towns). Most suburbs only exist to provide public schools for those who need convenient commuting to big cities. Without the need for that commute, these communities have no other purpose. I think many over 30 will start returning to small rural towns and certain small towns will become trendy as young women look for a “Hallmark Christmas Movie” lifestyle.
This post was edited on 8/17/20 at 4:43 pm
Posted by Centinel
Idaho
Member since Sep 2016
44142 posts
Posted on 8/17/20 at 4:42 pm to
quote:

I think many over 30 will start returning to small rural towns


This. Covid is going to manage to do the one thing I thought would never happen: revive small town america.

Posted by kingbob
Sorrento, LA
Member since Nov 2010
69226 posts
Posted on 8/17/20 at 4:45 pm to
A lot of small towns are depressing, but having deep roots in a community is a really underrated perk, especially once you start having kids.
Posted by dgnx6
Member since Feb 2006
85531 posts
Posted on 8/17/20 at 4:47 pm to
Their governor is a piece of shite.
Posted by The Boat
Member since Oct 2008
175567 posts
Posted on 8/17/20 at 4:48 pm to
Is 13,000 in a city of 8 million a lot? NYC is a shite show but that doesn’t scream huge number to me.
Posted by kingbob
Sorrento, LA
Member since Nov 2010
69226 posts
Posted on 8/17/20 at 4:52 pm to
That’s just Manhattan. 13,000 empty apartments in a borough of 1.6 million people. There’s an estimated 850k apartment units in Manhattan, so 13k being empty would be 1.5% vacancy. Baton Rouge’s rental vacancy rate is about 7.3%

Not saying that’s a lot or a little, just putting the numbers in proper context.
This post was edited on 8/17/20 at 4:56 pm
Posted by Paul Allen
Montauk, NY
Member since Nov 2007
77725 posts
Posted on 8/17/20 at 4:55 pm to
If remote working becomes the norm, I can see thousands of people buying an RV and setting up shop wherever and whenever they want.

As long as you have internet, you can work from wherever if working remotely becomes acceptable across various sectors.
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