The US Census Bureau thread

[TempleGuy1000]

Originally Posted by iheartthed

NYC didn't permanently lose residents. NYC's apartment vacancy rate is actually substantially lower today than it was pre-pandemic, even though the housing supply is larger: https://comptroller.nyc.gov/reports/spotlight-new-york-citys-housing-supply-challenge/

Most up-to-date reports are showing the NYC metro area still losing people though.

https://institute.bankofamerica.com/cont...insights/on-the-move-west-side-story.pdf

which would align with the slower than average economic growth

https://www.bls.gov/web/metro/largemetro_oty_change.htm


By the comptroller's own reporting, NYC will be running in the red budget-wise by next year if spending isn't slashed: https://comptroller.nyc.gov/reports/annual-state-of-the-citys-economy-and-finances/

The housing of Asylum seekers, as that report points out, is really jacking up spending. NYC probably can withstand this increase without drastic cuts or tax increases. Unfortunately, due to an even more stagnate economy and larger unfunded pension obligations, Chicago has the toughest hill to climb. Which would help explain why Chicago's credit rating keeps getting cut