Tag Archives: New York emigration

Escape From New York: Wealthy Residents Flee In Droves As The City Degenerates Into A Hellhole, by Michael Snyder

New York is the most prominent, but many people, especially highly productive people, are leaving urban areas that have been misruled by Democrats for decades. From Michael Snyder at themostimportantnews.com:

Hundreds of thousands of wealthy residents have already left New York City, and more are leaving every day as America’s biggest city rapidly degenerates into a hellhole.  This is incredibly sad to watch, because in many ways New York had been an incredible success story over the past several decades.  The 1970s and 1980s were nightmarish times for the city, but over the past several decades it was transformed into a virtual paradise for the wealthy and famous.  Crime rates absolutely plummeted, the city was given a dramatic facelift and a booming financial community brought an unprecedented amount of wealth into New York.  But now many of the old problems are starting to come back again, and a lot of wealthy New Yorkers have decided that it is time to look for greener pastures.

Of course the COVID-19 pandemic has been the primary motivation for a lot of the wealthy individuals that have been fleeing the city.  According to the New York Times, there was a mass exodus of 420,000 New Yorkers between March 1st and May 1st…

Roughly 5 percent of residents — or about 420,000 people — left the city between March 1 and May 1. In the city’s very wealthiest blocks, in neighborhoods like the Upper East Side, the West Village, SoHo and Brooklyn Heights, residential population decreased by 40 percent or more, while the rest of the city saw comparably modest changes.

Can you imagine 40 percent of your neighborhood leaving in just two months?

Wealthy people can often pick up and move a lot more easily than the rest of us, because many of them are not tied to traditional jobs and a lot of them already own second homes.  And it is definitely understandable that a lot of them would have wanted to leave during the peak of the pandemic in the New York area, but now that infection rates are a lot lower they still aren’t coming back and this has become a hot political issue for New York politicians.

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Flight from New York, by Paul Craig Roberts

There are many good reasons to leave New York, and productive people have been doing so for years. Cuomo’s botched Covid-19 response and the recent riots are just cherries on the sundae. From Paul Craig Roberts at paulcraigroberts.org:

New York City is in Serious trouble.  Indeed, all diverse US cities are in trouble, especially those ruled by Democrats.  The combination of coronavirus and unchecked rioting and looting have undermined their economies.

Working at home has taught businesses that they do not need to accumulate employees in office complexes.  Working at home saves money for businesses and employees.  With profits and raises harder to come by, dispensing with office complexes and commutes is cost effective.

High income people who no longer need to work in office complexes do not need expensive Manhattan brownstones and apartments.  They can escape to Mystic Connecticut — https://www.bloomberg.com/news/articles/2020-08-07/as-new-yorkers-flee-once-humble-seaside-town-sees-bidding-wars?cmpid=BBD080720_BIZ&utm_medium=email&utm_source=newsletter&utm_term=200807&utm_campaign=bloombergdaily&sref=Y1NA6MHq — or somewhere else.

On top of the depression of Manhattan office and apartment prices from the emerging work-at-home culture, we have the assault on NYC residents from the breakdown of law and order and the Democrat mayor’s decimation of the police budget in order to pay NYC hotels for housing the homeless, drug addicts, and child abusers in upper income West Side Manhattan — https://www.dailymail.co.uk/news/article-8603433/Upper-West-residents-fury-homeless-junkies-sex-offenders-moved-luxury-hotels.html .

And it is not only in New York City that people are deciding against downtown locations. In Minneapolis, the police department has publicly announced that the police are unable to protect the public from robbery and abuse.  The police advise the public that when confronted by robbers, “do as they say” — https://www.breitbart.com/crime/2020/08/02/minneapolis-police-department-advises-residents-to-give-in-to-criminals/?utm_source=newsletter&utm_medium=email&utm_term=todays_hottest_stories&utm_campaign=20200802 .

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