Number of Middle-Class New Yorkers Facing Eviction Skyrockets

Discussion in 'Economics' started by ByLoSellHi, May 5, 2009.

  1. Yes, because commutes that are over an hour long are stress-free, especially when traffic is involved.
     
    #31     May 5, 2009
  2. I lived in NYC for a long time and when I first got there, my entry level job paid far less than most of the people in the story were making.

    It's possible to live in a nice apartment and save - but you have to give up drinking in bars, going to nighclubs, movies and broadway shows and eating out until you've saved enough money so that you're not living paycheck to paycheck.

    I feel bad for people who lost their jobs, but they made plenty of money to have avoided the situation in which they found themselves and chose not to. I find it hard to cry for the folks who were out having a good time with every penny they earned while I made sacrifices to avoid this very situation.
     
    #32     May 5, 2009
  3. Ummm, his post was factual information. NYC voted overwhelmingly for Obama and his "change". Now they are reaping the rewards of voting in a socialist.

    Now get back into your P&R hole.
     
    #33     May 5, 2009
  4. Let's not take this too far into politics, but let's agree on the following:

    1) Obama won an overwhelming majority of the New York City vote (probably 80% plus easily);

    and

    2) The things in place that are leading to economic failings were in place in the last administration, and are getting no better under Obama.

    *My opinion is that Obama's economic policy is horrid, and that he has not only continued, but massively expanded the terrible policies put into place by Paulson & Bernanke under Bush, now with Geithner and Bernanke.
     
    #34     May 5, 2009
  5. Oh, so it's not "political" if you happen to agree. (And, of course, the current situation in NYC has nothing to do with the previous administration's aversion to financial regulation. Yeah, that's the ticket.)

    And you can get back into your own asshole.
     
    #35     May 5, 2009
  6. Mnphats

    Mnphats

     
    #36     May 5, 2009
  7. I agree with 1 and 2. However, the jury is out on your opinion and, in any event, has not yet had the time to even begin to play itself out. Perhaps Obama's policies will cause a whole new set of problems of a greater order of magnitude and perhaps not. However, the current situation is entirely on the previous administration, because Bush's legacy did not end on the day he left office. The shit began to hit the fan while he was still in place and can be traced back to the Republicans' aversion to adequate regulation. The lid is now off the 8-year compost.

    And just to be clear, I did not initiate the politics earlier in your thread. I merely responded.
     
    #37     May 5, 2009
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    #38     May 5, 2009
  9. Maybe surf would beg to differ, but I have it on good word that layoffs are worse than even what's being reported in NYC right now.

    Look for the vacancy and eviction rates to rise much more from here.

    Mayor Bloomberg is reportedly frazzled trying to cook up a feasible plan to raise revenue at a time when sales taxes, income taxes and property taxes are plunging.

    He has a huge budget hole that's been blown wide open.
     
    #39     May 5, 2009
  10. The situation discussed started in 2008, so even trying to talk about Obama makes you look silly.

    Regardless, he, along with every other president over the last few decades, is just an actor. Bush was the heel, Obama is the face. It's like professional wrestling.
     
    #40     May 5, 2009