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Indeed, most Americans do not want to live in Manhattan, that's why a nice 1BR there is only $5k/mo. Manhattan will be fine unless rents fall so low that buildi
by closeparen 3y ago
Indeed, most Americans do not want to live in Manhattan, that's why a nice 1BR there is only $5k/mo. Manhattan will be fine unless rents fall so low that buildings aren't worth maintaining or property tax receipts don't cover adequate services. That's far away.
- shortrounddev2 3y agoManhattan will survive; it survived the 1970s, it will survive falling demand for office buildings The article is concerned with mid sized cities though, which don't have the cultural appeal of Manhattan or other economic factors keeping it afloat. Some of these cities depend on the office jobs from a handful of companies
- 7speter 3y agoThe mta, which would be how you fulfill the “car-less city dream” in Manhattan is 50 billion dollars in debt.