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My NYC knowledge fits into really massive bigly thimble. Nobody fits their knowledge of NYC into a thimble better than me. My awesome thimble stuffing rates a 10 and nobody can match it.
idk I paid 355 for a colonial in eastern suffolk last year in a good district I must be doing something wrong
355 for a colonial in Eastern suffolk? How far east are we talking if you don't mind - what town? I don't know of any single family ranch homes below 400 in the northport, greenlawn, st james, smithtown, or three village areas with the rare exception.
GE left NYC in the 70s. Exxon left in the 80s. This is nothing new.
So they left. Did any big companies replace them? That's the bigger point.
I think LI jumped the shark when Grumman left. LI has seen steady erosion of good local jobs and since Grumman. The state ranks 49th in business competitiveness, and the companies that left aren't being replaced. LI in particular repels companies thanks to the taxes.
Jobs don't need to be centralized as much as in the past, and technology makes it easier to spread many jobs into cheaper areas. Wall Street as a NY thing is also in decline.
So they left. Did any big companies replace them? That's the bigger point.
I think LI jumped the shark when Grumman left. LI has seen steady erosion of good local jobs and since Grumman. The state ranks 49th in business competitiveness, and the companies that left aren't being replaced. LI in particular repels companies thanks to the taxes.
Jobs don't need to be centralized as much as in the past, and technology makes it easier to spread many jobs into cheaper areas. Wall Street as a NY thing is also in decline.
I believe this is a big part of the reason why tech companies on LI don't offer competitive salary and overall benefits packages. There are simply too many local candidates fighting for the same few jobs. I don't see how LI is able to attract out of state candidates, they are probably almost entirely native LI'ers who don't have the motivation to move.
So they left. Did any big companies replace them? That's the bigger point.
I think LI jumped the shark when Grumman left. LI has seen steady erosion of good local jobs and since Grumman. The state ranks 49th in business competitiveness, and the companies that left aren't being replaced. LI in particular repels companies thanks to the taxes.
Jobs don't need to be centralized as much as in the past, and technology makes it easier to spread many jobs into cheaper areas. Wall Street as a NY thing is also in decline.
And data centers have mostly moved to NJ so there are less “hands on” tech jobs in NYC.
The scary statistic is that for LI non-farm jobs, 1,195,000 out of 1,343,500 or close to 90% are in the service industry. Year over year, construction and manufacturing jobs are still declining. No other area in NY, even including Westchester, has such a high % of service jobs.
Resorting to emotional name calling? Seems like you have no rational argument in there anywhere. When the non-competitive companies that inhabit LI start coughing up competitive wages maybe I'll make my triumphant return and pull in my $1 mill salary at last.
Just calling you out for your BS. You found a job in philly paying you a mil. Yet can’t find a job that can afford a 400k house in the nyc suburbs. You’re a troll and nothing more.
And I purchased my home for ~250k and spent 100k renovating it in st James within the last 5 years. You’ve done no research here. Just talking out of your a$$. A home 4 blocks from me was just asking 240k. Small. Hell yeah, really small. So expand it and still come under 400k.
I have been hearing this for 20 years. I am still waiting
I don’t think it’s going to burst any time soon, but will continue to be a slow leak. As with a car tire, as long as you pump it up regularly it won’t go flat.
40 years ago the big aviation manufacturing companies were going gangbusters. They’re gone.
20 years ago the big software manufacturing companies (CA, Symbol) were growing. They are either gone or decreasing their LI footprint.
What is taking their place now? Everyone can’t work for Chick-Fil-A or become a teacher.
So they left. Did any big companies replace them? That's the bigger point.
is this a serious question? Really?
Quote:
I think LI jumped the shark when Grumman left. LI has seen steady erosion of good local jobs and since Grumman. The state ranks 49th in business competitiveness, and the companies that left aren't being replaced. LI in particular repels companies thanks to the taxes.
companies fleeing LI vs. NYC is a completely different animal. You won't get any argument from me that LI's days as a friendly home for major companies are long gone.
Quote:
Jobs don't need to be centralized as much as in the past, and technology makes it easier to spread many jobs into cheaper areas. Wall Street as a NY thing is also in decline.
yet people are still moving to NYC in droves. Developers can't build housing fast enough.
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