Keeping NYC On Top

What's interesting in the current moment, with the internet truly giving talent a CHOICE, is that cities will become more important because — working from home makes it even more necessary and fun to live in a relatively dense area.

A building’s location is becoming less important and insufficient to define and defend its value. Humans can work remotely and many choose to do so, at least some of the time.

As Matt Clancey points out that “the benefits of knowledge spillovers from being physically close to other knowledge workers have been falling and may no longer exist in many domains of knowledge.” This is a controversial claim, but Clancey provides a detailed review of multiple studies that address this matter from different directions.

And what about cities? Will New York really be a ghost town? Is this the end? I don’t think so. I think that remote will make room for a new wave of young, hungry, social creatives who bring fresh energy to the city. As in nature, monocultures like San Francisco, which has mainly served to house people who work in tech, will struggle, while permacu... See more

All these things are no longer "deal breakers", even if differences in quality persist between cities. The real differentiation then shifts to other dimensions of the "product": How walkable it is? How beneficial is the tax system? Who else is there?

“The economic returns to being in cities are increasing” – David Perell