Tag Archives: nyc

08/26/20

New York City Recovery

It is fashionable to debate the fate of New York City these days with the left edge of the argument being it is doomed and the right edge the constant refrain that New Yawkers have GRIT.

New York Post writer James Altucher opines that “New York City is dead forever” whilst comedian Jerry Seinfeld (from his Hamptons mansion) counters that New Yawkers have grit.

New York City is dead forever — link

This falls under the heading of: “Two Things Can Be True At The Same Time.”

Guy calls me to discuss apartments and asks what happens when markets begin to drift. I had a good long run owning thousands of apartments and was taught some harsh lessons and some good ones by Mother Market.

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05/3/20

COVID19 Reopening Facts

Long ago, I opined that the United States was facing 50 individual fights as it relates to COVID19.

Fifty Fights — COVID19 War

Now, I opine there will be a like number of “re-openings.” They will be guided by the facts. Let me use a couple of examples.

These numbers are for the time period 2-1-2010 to 5-1-2020. This is three months. These are CDC numbers comparing New York City versus the State of Texas.

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05/2/18

Leaving NYC

Leaving NYC, Big Red Car, who’s leaving New York now? Financial enterprises.

Big Red Car here in the slightly gray ATX – still, On Earth as it is in Texas, y’all!

A recent announcement that NYC headquartered AllianceBernstein Holding LLC was moving its headquarters and 1,000 jobs to Nashville caught my attention.

It is a phenomenon which is playing out right here in Austin and Texas, in general. Firms and individuals are leaving California, Chicago, and NYC to relocate to Texas and its pro-business, nice weather, no taxes environment.

Nashville has some of that Southern mojo working in its favor, but this is all about money – real estate, taxes (state and city), employment expense, and flight from an ever increasing burden.

Green Mesquite the Big Red Car’s favorite BBQ joint. Come on down, y’all. BBQ on the Big Red Car!

It is about the money, y’all.

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