What Happens to NY City Over the Next Decade?

My prediction of the future:

1.  Businesses.  Most all big companies (Wall Street, insurance and banking) will relocate out of the city.  You will already see evidence of this in the spring of 2021. 

Most employees will be working out of their homes, and meeting every two to three weeks at some site (probably not NY City) with a face to face of division chiefs, for four to eight hours of discussions.  The chiefs will have a face-to-face with their teams once a month, again at some remote site.  You can figure towns like Myrtle Beach, Dayton, Indianapolis, Orlando, etc....will see mini-conference center business jump in a major way. 

2.  Restaurants.  Seventy-five percent of big-name restaurants in NY City will disappear by spring of 2021.  Same with bars. 

3.  The subway system.  By spring of 2021, the subway folks will admit that business is off by sixty-percent, and cut-backs of rush-hour traffic is announced.  An emergency plan is routed to the mayor detailing a 50-percent cut-back on weekend traffic for the subway system.

4.  Illegals in the city will be half of the normal situation. 

5.  Musicals and Broadway shows will go through a harsh cutback. 

6.  Tourism by the end of 2021 is forty-percent of the norm.  Some big-name hotels discuss plans to convert to condo operations.  Some 3-star hotels by spring of 2022 are offering month-long deals averaging $60 a day. 

7.  Several networks discuss plans to vacate the city.

8.  Properties which were listed last year for $1.5-million....will be running in the $500k range by summer of 2021.  Several big name real estate people with mass holdings....will be near bankruptcy by the end of 2022. 

9.  Without the tax revenue....the police and fire departments are to be cut by 30 to 40 percent by 2024. 

10.  Chinese and Russian millionaires arrive in NY City by the end of 2021, and scoop up hundreds of properties as investment opportunities.  By 2025, they discover that the value has continued to slide and the value is half of what they paid originally.

11.  The Mets (MLB team) are openly discussing by 2022 the idea of relocating to Nashville.  As they vacate and leave, the Knicks start a discussion of relocating to Nashville in 2024.

12.  The metro NY population by the end of 2022 is at 14-million (down 4-million from 2019).