Ghost

“It’s A Ghost Town” – Debt-Laden NYC Taxi Drivers In Dire Straits

By Tyler Durden New York City taxi drivers – who were committing suicide left and right before the pandemic – are in bad shape. After years competing with Uber and Lyft drivers for razor-thin margins, while maintaining an average debt of $450,000 on taxi medallions now worth $75,000 – $100,000, ridership is down 80-90% since…

Companies Join Exodus To Suburbs As Cities Transform Into “Ghost Towns”

By Tyler Durden People and companies are leaving American cities in droves. An urban exodus could persist for a couple of years as the virus pandemic and resulting socio-economic implosion has exacerbated quality of life problems – violent crime, homelessness, rising taxes, and high cost of living – those were some of the reasons, even before the…

Companies Join Exodus To Suburbs As Cities Transform Into “Ghost Towns” 

People and companies are leaving American cities in droves. An urban exodus could persist for a couple of years as the virus pandemic and resulting socio-economic implosion has exacerbated quality of life problems – violent crime, homelessness, rising taxes, and high cost of living – those were some of the reasons, even before the pandemic, forcing city…