The classic NYC theme song, “New York, New York,” made prominent by Frank Sinatra, begins:
Start spreadin’ the news, I’m leavin today
I want to be a part of it
New York, New York
These vagabond shoes, are longing to stray
Right through the very heart of it
New York, New York…
Based on “Executive Orders” by Governor Andrew Cuomo, those lyrics need to be changed.
The governor doesn’t want a number of outsiders to have a chance to “be part of it,” as last Wednesday, he and other Northeast governors imposed 14-day quarantines on anyone coming into jurisdictions from states currently experiencing higher numbers of positive testing for COVID.
Governor Cuomo stated emphatically, “We have to make sure the virus doesn’t come in on a plane again… Learned that lesson. Been there, done that.” Cuomo added that anyone who violates his order could face a fine of $2,000 and be forced into mandatory quarantine. Travelers who, in the governor’s words, “cause harm” could face a $10,000 fine.
Welcome to “The Big Apple.” “The city that never sleeps.” “Fun city.”
Thanks to the shutdown of the city by Governor Cuomo and Mayor Bill de Blasio, hundreds of thousands of New Yorkers are out of work and $7.4 billion in tax revenues are expected to be lost by the middle of next year.
Most of the 25,000 restaurants and cafés that made New York a major food capital of the world are struggling with the harsh, mandatory restrictions in order to reopen, and scores have closed their doors permanently.
The 2018-2019 Broadway season attracted 14.7 million people and generated close to $2 billion. Now, of course, the lights of Broadway are extinguished… at least until Labor Day weekend, when Governor Andrew “The Dictator” Cuomo said he would then determine if and when theaters can reopen.
Iconic nightspot the “Copacabana” has closed its doors permanently, unable to survive its forced closing due to the virus.
More than one-third of NYC real estate professionals experienced complete shutdown. Sixty percent of residential real estate professionals have seen deals postponed and new business decline.
Additionally, to further “unwelcome” New York, as of 30 June, Governor Cuomo has added eight more states to New York’s “travel advisory” – so there are now 16 states from which residents who travel to New York must quarantine for 14 days after arrival.
As Gerald Celente has long noted, “When people lose everything and they have nothing left to lose, they lose it.
And New Yorkers are losing it.
The city suffered 125 shootings in the first three weeks of June, twice the amount during that time frame a year ago. New York City’s homicide rate jumped to a five-year high. The amount of people shot spiked over 40 percent compared to last year.
Christopher Herrmann, professor at John Jay College of Criminal Justice, said last week, “I have been studying this for a long time. I have never seen that much of an increase ever.” He linked the violence to the mix of hot weather and “COVID cabin fever.”
But New Yorkers can take heart from the buoyant optimism of the political leaders who shut down the great city.
After Governor Cuomo announced on 9 June the beginning of “Phase 1” to reopen New York, Mayor Bill DeBlasio announced, “It is the day we start to liberate ourselves from this disease, the day we begin our restart in this city. All New Yorkers should be proud. You got us to this day. It is a day to celebrate.”
Governor Cuomo, beaming about the launching of his Phase 1, proudly proclaimed, “We’re back.” He added, “If we stay as smart as we have for 100 days, we will be fine.”
TREND FORECAST: Since the onset of COVID Hysteria, we were the first to forecast densely populated cities would see an outflow of residents to less densely populated areas, particularly ex-urban small cities.
Where are New Yorkers going? They are “following” Celente!
Seeking the Sweet Spot in New York State
The Kingston area in the Hudson Valley is attracting home buyers desperate for big houses and plenty of green space
The Catskills are getting hotter, weatherwise and propertywise, as stir-crazy house hunters search for residences outside big cities.
For those in the New York City area, one of the more sought after spots in the state is the southeastern city of Kingston.
— Wall Street Journal, 26 June
The trend to escape big cities will continue to grow as commercial and residential real estate prices plummet… while taxes and crime rates rise.