David Byrne, writing for the Guardian:
Many of the wealthy don’t even live here. In the neighborhood where I live (near the art galleries in Chelsea), I can see three large condos from my window that are pretty much empty all the time. What the fuck!? Apparently, rich folks buy the apartments, but might only stay in them a few weeks out of a year. So why should they have an incentive to maintain or improve the general health of the city? They’re never here.
This real estate situation – a topic New Yorkers love to complain about over dinner – doesn’t help the future health of the city. If young, emerging talent of all types can’t find a foothold in this city, then it will be a city closer to Hong Kong or Abu Dhabi than to the rich fertile place it has historically been. Those places might have museums, but they don’t have culture. Ugh. If New York goes there – more than it already has – I’m leaving.
Every time I go back to NYC, I find that it has changed. It’s cleaner, safer, more upscale, less interesting.