32% of New Yorkers say that recovery in the city will take a year, a new survey found. Among one-fifth of respondents who said they plan to leave NYC, 39% said they will return when the city is more fully on the road to recovery.
Almost one-third of New Yorkers say that recovery in the city will take a year, while 15% believe the economy will recover fully from the COVID-19 pandemic by next March, and nearly half believe that the city’s recovery is tied to the development of a vaccine, a survey released Thursday found. A smaller percentage believe the city’s economy will never fully recover.
Dispatches from a Pandemic: New York is reminiscent of the Wild West ghost town of my youth — our city’s future depends on our collective fortitude Among the 6% of naysayers who don’t hold out much hope for the city is James Altucher, an author and former hedge-fund manager , who wrote in August that New York City is “dead forever” as its residents reacted to the coronavirus pandemic. “I love NYC. When I first moved to NYC, it was a dream come true,” he wrote in a blog post.
There are approximately 13,000 vacant apartments across Manhattan, according to a recent report by Douglas Elliman and Miller Samuel Real Estate Appraisers & Consultants. A year ago, that number was less than half that . What’s more, new lease signings plummeted by about 23%, resulting in a drop in rental prices.
Dispatches from a Pandemic: Letter from New York, the quiet epicenter of coronavirus: ‘The streets are virtually empty, but the birds go on singing’
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