They’re coming to nyc because of perceived economic forces that will hold the city’s housing prices up as a high return investment. With the infrastructure actively failing before our eyes the calculus about the city seems certain to change as its reputation and quality of life plunges. Also the cultural forces celebrating urban spaces that created the beliefs underlying this many decade boom have long ago exhausted themselves, at least in relation to nyc. I have lived here a large portion of my life and feel near certain that the speculative winds are shifting elsewhere.