{"id":23813,"date":"2023-05-18T05:00:44","date_gmt":"2023-05-18T09:00:44","guid":{"rendered":"https:\/\/orionscoldfire.com\/?p=23813"},"modified":"2023-05-17T22:35:33","modified_gmt":"2023-05-18T02:35:33","slug":"friends-to-the-rescue","status":"publish","type":"post","link":"https:\/\/orionscoldfire.com\/index.php\/2023\/05\/18\/friends-to-the-rescue\/","title":{"rendered":"Friends to the Rescue"},"content":{"rendered":"

 <\/p>\n

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SONY DSC<\/figcaption><\/figure>\n

Ah, freedom.\u00a0 There\u2019s nothing like it.\u00a0 The air smells fresher the food tastes better.\u00a0 Even the damn birds sounded happier.\u00a0 I walked out of a meeting this morning with the prospect of doing whatever the hell I want to do for next four days.\u00a0 Finally.<\/p>\n

Recently I talked about how the blue cities are on a trajectory to become like Detroit.\u00a0 Coincidentally I read an article in a rag called Financial Times that claimed that the cities were currently suffering from a similar problem to what happened to Detroit<\/a>.<\/p>\n

\u201cFor decades, the beautiful Detroit downtown buildings of the late 19th and early 20th century stood nearly empty, thanks to a combination of racism, the loss of US auto-industry predominance, rising crime and violence, and white flight to the outer rings of the city.\u201d<\/strong><\/p>\n

I love how the primary reason cited is racism.\u00a0 Rising crime and violence is third.\u00a0 So, the solution to the problem in the article is to turn the empty commercial space in New York and Chicago into residential and small business commercial space.<\/p>\n

It\u2019s like the woman who wrote this article is from Mars.\u00a0 \u00a0Hundreds of thousands of people have left New York and large numbers have left the other blighted cities since the George Floyd riots.\u00a0 But she wants to fill up the empty glass and steel skyscrapers that fill downtown and midtown Manhattan, some of the most expensive commercial real estate in the world, with coffee shops and struggling actors?\u00a0 Apparently, the author of this article watched too many episodes of \u201cFriends\u201d and thinks there are millions of Joey Tribbianis lining up to move back into the city.<\/p>\n

And probably only actors and drug dealers are currently crazy enough to want to move into Manhattan.\u00a0 Everyone else is either stuck there or getting out.\u00a0 So, what gives?<\/p>\n

Well, this is a finance magazine.\u00a0 It\u2019s currently predicted that the next financial sector that will succumb to the stagflation economy will be the commercial real estate market.\u00a0 It\u2019s natural that these finance types are hypothesizing how to prevent all of that value from evaporating when the bottom drops out of the urban commercial real estate market.<\/p>\n

Of course, it wouldn\u2019t occur to them to discover that the last time these cities were blighted by crime and violence the solution was voting for a law-and-order mayor and letting him restore order and prosperity to New York City.\u00a0 That was Rudy Giuliani back in the 1990s.\u00a0 I guess that\u2019s too far back in ancient history for these geniuses.\u00a0 Or maybe it\u2019s just not allowed to think about anything like that.<\/p>\n

The mindset of the writer of this piece is interesting.\u00a0 She wants us to think that turning commercial real estate into rental apartments is a winning idea because a part of downtown Detroit has followed that idea and has \u201crecovered somewhat.\u201d\u00a0 But downtown Detroit is no success story and it is a sad remnant of this former city of almost two million people.\u00a0 Not since the Sack of Rome by the Visigoths has a more thorough job been done destroying a city.<\/p>\n

But I think we could be seeing what the outcome will be for these cities.\u00a0 Ruling out the rule of law and order we are left with creating a rump New York or Chicago in the center of the downtown where a small remnant of the city can exist, subsidized by billionaires and guarded by private security guards.\u00a0 But Tribbiani better watch which way he walks when he leaves the Central Perk or it could be his last cup of bad coffee.<\/p>\n","protected":false},"excerpt":{"rendered":"

  Ah, freedom.\u00a0 There\u2019s nothing like it.\u00a0 The air smells fresher the food tastes better.\u00a0 Even the damn birds sounded happier.\u00a0 I walked out of<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mi_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[5],"tags":[269,2543,1726,3314],"class_list":["post-23813","post","type-post","status-publish","format-standard","hentry","category-current-events","tag-detroit","tag-dysfunctional-democrat-cities","tag-new-york","tag-urban-crime"],"yoast_head":"\nFriends to the Rescue - Orion's Cold Fire<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/orionscoldfire.com\/index.php\/2023\/05\/18\/friends-to-the-rescue\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Friends to the Rescue - 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