Dibs on the Empire State Building!
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The asshole exodus has begun.
So.. rents going down then, right?.. right?
Is there an economist or other smart-ish person who has commented on what an actual exodus of 1m residents would do to housing prices there? I’m curious
An analysis isn't really going to work without a lot of extra information. People don't just leave overnight because if they own property, which is the claim here, then they have to find someone to buy it. And as other people start leaving property values would plummet so then there would be less incentive for more people to leave.
And to begin with, really poor people have incredible difficulty moving in general, because they don't have extra money saved up to pay for a truck or to get a new apartment or to take time off of work to deal with all of that or to even apply for jobs in distant locations.
So let's move on to middle class renters. What about them, would they leave? But if somehow they did, that, would I think make room for a lot of other people to move into the city. As you know, many people commute from New Jersey and dislike it on account of the fact that they have to live in New Jersey and if they could move into the city they would probably do so. And then there's all of the other people who don't currently live in or near New York who are hearing about this person who might make the city an amazing place, from their point of view, and if they can get in on it then they're going to.
So I don't see the population significantly declining even if you somehow had people moving in and out at record numbers, and even that doesn't seem like it makes sense.

Bye! Don't let the door hit you on the way out.
Somehow I think those people leaving would solve more than the housing crisis
They won’t do shit.
Every large city is democratic, and my understanding of linear time means more Gen Z will be elected soon.
In south people around 19 or younger are absurdly republican sadly. The whole "andrew tate" community and similar stuff.
I'm still a little unsure if this piece is for him or against him lol
Losers won't do shit.
Mamdani: I just want people to eat food and live in houses.
Republicans: 🎶run for the hills run for your lives🎶
And that is a bad? thing
Happened in Detroit, although it took 70 years and a perfect storm of social and economic factors.