The writer is misattributing the problem (empty storefronts) to "real New Yorkers" being crowded out by ghostly foreign investors, when actually it's just e-commerce that's doing this in not only but all over America.
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Yeah...the thing is, for new york, and this is reflected in falling Rents, the building isn't just happening on billionaires row. It's happening big time in LIC, in Brooklyn, in Queens. Manhattan perhaps not so much.
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When you don't actually live in NYC, that is what happens because all the transportation into NYC lead to Manhattan, not Queens or BK.
End of conversation
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