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Eh. Everyone is acting like $3B is some massive some of money. The State of New York recently sealed a budget for ~$168B and and the economy of the state itself
by intopieces 8y ago
Eh. Everyone is acting like $3B is some massive some of money. The State of New York recently sealed a budget for ~$168B and and the economy of the state itself is somewhere around $1.2T. Hell, Amazon itself has a market cap of nearly 800B.
As of 2017, "[m]ore people are leaving the New York region than any other major metropolitan area in the country":
https://nypost.com/2017/04/01/people-are-fleeing-new-york-at-an-alarming-rate/ https://nypost.com/2017/04/01/people-are-fleeing-new-york-at...
So, 25k additional people is closer to stemming the tide of people leaving rather than overcrowding an already hot market.
- throwaway2048 8y agoThe tide of people leaving because NYC is becoming completely un-afforable if you make less than 60k a year.
- intopieces 8y agoThe median household income is $59k. It’s not unreasonable that a large metropolis cost above average, given the higher population, while declining, still represents high demand for housing and local amenities.
- deleted 8y ago[deleted]