Longreads

After three decades living in and around New York City, I, too, am leaving to make way for the only people the city is still welcoming: billionaires who don’t live here.

In Harper’s Magazine, Kevin Baker writes at length in “The Death of a Once Great City” about how the few who can afford to build and buy in New York don’t want to live here, either. In one affluent twenty-block corridor, “almost one apartment in three sits empty for at least ten months a year.” A couple of neighborhoods south, developers at an eighty-three-unit luxury condo were recently offering “to throw in two studio apartments and two parking spots for any buyer willing to shell out $48 million for the building’s 7,000-square foot penthouse.” That’s five empty things for the price of one empty thing, in case you’d like to park dozens of millions of dollars in an…

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