Reply To: Exodus From NYC

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Abba_S
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A big problem with Teleworking is that just like the employee can live anywhere so too can the employer hire people from third world countries at a fraction of the cost. Who knows how long the job will last.

Many wealthy people choose to live in NYC for the nigtlife with the closing of restruants, theaters and night clubs NYC loses its appeal,

Postponing evictions will only create further problems. Many tenants owe 6 months rents and there is no way the tenants will be able to pay this debt back. Landlords will not be able to maintain thier buildings and of course will not be able to pay thier real estate taxes or thier mortgages. Real estate taxes are a major revenue source for the city which will result in future cuts of services. This will also have a major impact on the nations economy and banking system.