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NEW YORK POST
NEW YORK IS DEAD FOREVER
by James Altucher August 17, 2020
Author, comedy club owner and former hedge-fund manager James Altucher self-publishedthis essayon Thursday, Aug. 13, under the title, “NYC is dead forever. Here’s why.” He granted the New York Post permission to reprint his piece in full below.
I love NYC. When I first moved to NYC it was a dream come true. Every corner was like a theater production happening right in front of me. So much personality, so many stories.
Every subculture I loved was in NYC. I could play chess all day and night. I could go to comedy clubs. I could start any type of business. I could meet people. I had family, friends, opportunities. No matter what happened to me, NYC was a net I could fall back on and bounce back up.
Now it’s completely dead. “But NYC always always bounces back.” No. Not this time. “But NYC is the center of the financial universe. Opportunities will flourish here again.” Not this time.
“NYC has experienced worse.” No, it hasn’t.
A Facebook group [Into The Unknown] formed a few weeks ago that was for people who were planning a move and wanted others to talk to and ask advice from. Within two or three days it had about 10,000 members.
Every day I see more and more posts: “I’ve been in NYC forever but I guess this time I have to say goodbye.” I’ve been screenshotting them for my scrapbook.
Times Square and Midtown Manhattan were deserted in March. Getty Images
Three of the most important reasons to move to NYC: business opportunities, culture and food. Commercial real estate and colleges are also suffering.
And, of course, friends. But if everything I say below is even 1/10 of what I think then there won’t be as many opportunities to make friends.
Business
Midtown Manhattan, the center of business in NYC, is empty. Even though people can go back to work, famous office buildings likethe Time Life skyscraperare still 90% empty. Businesses realized that they don’t need their employees at the office.
In fact, they realize they are even more productive without everyone back to the office. The Time Life building can handle 8,000 workers. Now it maybe has 500 workers back.
“What do you mean?” a friend of mine said to me when I told him, “Midtown should be called ‘Ghost Town’!”
“I’m in my office right now!”
“What are you doing there?” I asked.
“Packing up,” he said and laughed, “I’m shutting it down.” He works in the entertainment business.
Enlarge Image Midtown’s iconic Rockefeller Center has been eerily quiet, even into the summer months. Getty Images
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