No, we don’t mean geographically due to some phantom rising of the oceans.

We mean it’s shrinking in population. The latest census data through 2024 shows the Big Apple lost more residents over the past four years than any other city in the United States.

That big negative number was even bigger before an 87,000 rebound in 2024, but if the city moves in a socialist direction, we expect another big downward population exodus.  Real estate values in the city may take a big hit.

John Catsimatidis, who owns grocery stores in New York (and honorary chairman of UP) says: “A lot of New Yorkers, especially in the real estate industry, are panicking because they’re afraid that if they have a billion dollars worth of real estate … 32 days from now it might be worth half the price.”