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Re: Long term political and economic impacts of the pandemic

Posted by Charles G on Sun Apr 5 17:41:14 2020, in response to Re: Long term political and economic impacts of the pandemic, posted by AlM on Sun Apr 5 14:17:29 2020.

No. Comfortably middle class (and well-to-do) life in Manhattan has hardly been disrupted, except for the lack of events to go to. Once the vaccine is here, everything will be back to normal.


I'm not sure that's entirely true. A friend (an attorney, living a comfortable upper middle class lifestyle) lives with his wife and nine-year old son in a 2BR apartment on the Upper East Side. They are going absolutely stir-crazy at home. He also estimates that somewhere close to half of his building has left the city.

Part of what is making upper-middle class Manhattan life more bearable is that so many of those folks have left town.

Holding out hope for a magic vaccine is one approach -- but we are in the absolute infancy of knowing anything at all about this virus. Think about how often information changes or all the conflicting and contradictory reports of things that work or don't work, and I think you'll adjust your expected timeframe for a widely available vaccine much further out. For a retiree or an empty-nester that isn't a big deal. For a family with children, every month of a sh-tty quality of life is one month too long.

House rentals in Greenwich Ct are currently being snapped up in days. Houses that have been for sale for months and even years have set off rental bidding wars in the last few weeks. Most of these are short-term leases in the hopes that things quickly get back to normal. If things don't get quickly back to normal, the next step is making the move permanent.


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