Reports suggest nearly $1 trillion in wealth has relocated as high earners and major firms move to states like Florida and Texas.

Data also shows office vacancy rates around 30% in some areas, with thousands of restaurants and small businesses shutting down since the pandemic. 🍽️🏢

Economists debate whether this signals a long-term “urban doom loop” — or a painful but temporary adjustment.

The big question: Is NYC heading toward another 1975-style fiscal crisis — or reinventing itself once again? 🔎