3 ms·

Every empire goes down eventually. The derision of the crown jewel (NYC) of the US empire perfectly resembles the fact that the sun is setting.

• walterbell 7y ago
  Hudson Yards has little to do with the rest of NYC, as stated in the article. Many of the residences were sold to foreign owners. It did succeed at extracting a billion dollars from foreign investors.
  • subpixel 7y ago
    > Many of the residences were sold to foreign owners. There isn’t a section of NYC to which this does not apply. All over Manhattan and in 7+ figure properties in every borough, the percentage of foreign buyers is higher than ever. This doesn’t even take into consideration the phenomenon of foreign investors in the multi-family rental and flipping market.
    • walterbell 7y ago
      Did those properties gerrymander NYC zoning to allow the buyers to get green cards in exchange for purchasing residences? https://www.citylab.com/equity/2019/04/hudson-yards-financing-eb5-investor-visa-program-immigration/586897/ https://www.citylab.com/equity/2019/04/hudson-yards-financin...
  • cco 7y ago
    That sounds like a terrible thing for New Yorkers and make just a bad thing for Americans at large. Why do you categorize this as a win?
    • walterbell 7y ago
      It's not a win.
• dang 7y ago
  "Eschew flamebait. Avoid unrelated controversies and generic tangents." https://news.ycombinator.com/newsguidelines.html https://news.ycombinator.com/newsguidelines.html