NYC... does it still matter?

NYC's population is reported as 'stable', but that doesn't even touch the reality.

The trend for the last year is for middle class working families to leave New York City, while low-paid/nonworking immigrants flow in.

NYC claims their tax base is stable now, but they neglect to mention some facts.  Little things, like 158 financial companies with roughly $1 trillion in holdings have left the city in the last couple years.  As a result, NYC has lost thousands of the highest paid jobs in the city.  Tax base reporting won't show this for another year.

As far as real estate. NYC realtors are reporting a glut on the housing and business real estate markets.  Conversely, Connecticut is reporting the opposite.   It's a buyers market in New York City as families and business leaves, allowing real estate shoppers (such as there are) to bid very low on properties.  Surrounding states with lower taxes, less crime, and less radical political atmospheres are showing a sellers market, with Connecticut having a red hot market.  Cash bidding wars for more than asking price, and on-the-market times measured in hours.

What does all this mean, if anything?  HellifIknow.  I guess we shall find out in the near future.