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national_wildant t1_izhfqqr wrote

Reply to comment by Head_Acanthisitta256 in New York’s ‘zombie’ office towers teeter as interest rates rise by rootbeer_racinette

Luxury apartment is better than no apartment, specially in FIDI which means less wealthy people moving to the adjacent neighborhoods to remain closer to their office if they work hybrid

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Head_Acanthisitta256 t1_izhhn5m wrote

Trickle down philosophy is a fairytale. Less wealthy people(whatever that means)weren’t moving to adjacent neighborhoods in the first place. Battery Park, TriBeCa, Chinatown, are already unaffordable thanks to new developments in those areas along with new developments in FiDi. Just call it what it is the city as a whole is becoming a yuppie wasteland.

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