They may have an audit, but it's not always gonna show it's true colors. It's too many hands in the cookie jar and secret meetings behind closed doors gets the trash picked up and curbside.
The tons of mindless wanna be rich and the Actual rich who use the systems the long existed there. they only reason they dont all leave is because they would have to rebuild the stock market somewhere else. and they dont wanna fund that. Actually give them an alternative and they would leave in a heartbeat. of course is the cost of buisness starts getting to expensive due to theft and crime eventually not even that can keep them there so as long as the few main financial megaprojects stay in NYC the city will shamble on like a zombie
They keep voting for this and wonder why it doesn't change. Same reason the whole country is going down. Just wait til every house is at least a million dollars, maybe then people will fight back
Cash jordan the prototypical douchy NYC gentrifier. He failed at being a real estate agent in NYC, made a promise he would leave NYC forever but he failed at whatever he was doing back at mommies basement came back to NYC to complain about living in NYC. LoL! Prototypical douch bag gentrifier wanna be. What happend with 'voting with your feet'? LoL! If you hate NYC just leave already! LoL!
In Cali they are fining the stores for making too many calls to the police. 😮 I guess that helps the crime statistics. Blame the stores, they stop making calls, crime went down. 😢
@@BsBsBockActually the government started neglecting public transportation in favor of private personal vehicles, which of course was to benefit auto manufacturers. The government's job is to facilitate capitalism by removing any obstacles that obstruct private profits.
Cash jordan the prototypical douchy NYC gentrifier. He failed at being a real estate agent in NYC, made a promise he would leave NYC forever but he failed at whatever he was doing back at mommies basement came back to NYC to complain about living in NYC. LoL! Prototypical douch bag gentrifier wanna be. What happend with 'voting with your feet'? LoL! If you hate NYC just leave already! LoL!
I was. Born and raised in Brooklyn all my life of 59 years and worked for transit for 34 years and retired from it and I can tell you that what ever cash they say would help fix the subway is a lie😮MTA squanders what ever cash they get and nothing will get done.
I'm 24, was born in Harlem, raised in the Bronx and it's crazy how bad everything's gotten in just a few years too. When I was in high school, the subway was bearable (I had to commute downtown), but now it just sounds like a hot mess. I rarely use the subway anymore, and this just makes me want to avoid it altogether. It's truly worrying for everyone who needs public transport daily and one can only hope something will change for the better
Politicians that run the states are millionaires but the states are getting poorer.... Maybe need to fight to stop politicians from giving themselves big pay rises and make them put money into things the states need ??
@@birdsmokoYou should have seen the difference between before computers, internet, cell phones and social media and NOW. We used to trust one another to say "pump gas and THEN pay ". Neither of my two best friends of 30 years I carpooled to college with are white. Look what we have now. I lettered on the r¡fle team in high school before mass x'ings became a thing too. Maybe it's time to start asking WHAT HAPPENED? I remember most businesses closing on Sunday. Yea, maybe us Christians spent our day with God but we also spent time with family, friends, events where people socialized. Everyone took a break at the same time on the same day. We certainly didn't make it 250 years like we are NOW! So again, I ask; WHAT HAPPENED?
How is the subway not getting sued for not being handicap accessible?? Having an elevator several stops away from where you want to go is not ADA compliant. WTF New York?!!
The stations came before ADA compliance so now they are slowly converting stations to be accessible but the fact that they have to subcontract with firms to survey their stations for renovation slows their progress by a lot(working with third party etc.,.)along with obvious mishandling of their budget. But I do give them credit because the MTA have converted quite a lot of stations over the years that I frequently used like the 8th avenue and 59th street stations in Brooklyn along the N line. In recent months they sealed off sections of my parents' local F stop at Briarwood to add elevators for accessibility as well. Cash Jordan is a republican shill and grifter that's sensationalizing everything to appear 100x worse than reality, his goal is simply to stoke fear and discontent towards NYC. Not that I am pro-democrat, I'm neither but seeing propaganda like this is infuriating to say the least.
@@marimercy14 "THEY" have no idea what they are doing , that is why is the city of N Y and the whole state is spinning around the drain hole like the last time you flushed your commode .?
@@davekinghorn9567 New York is a paradise I live here everyday no crime here Mayor Adams is doing a great job keeping everyone safe keep borders open vote blue Biden 2024!!
Except the system as it is currently was originally built and designed in the 1940"s. How many public or private pieces of infrastructure do you know that is that old doesn't need massive modernization as you put or just outright completely rebuilt. The problem with the NYC mass transit system is decades old and is primarily the fault of the residents of NYC who refused to pay to keep the system up to date or refused to accept the inconvenience that would be necessary to completely transform the system. To see what NYC needs to do just look at London. Its residents bit the bullet paid for the system to be revamp and dealt with the delays and now have one of the most efficient mass transit systems in the world. Is it perfect no it was made by humans, but it is far superior to what NYC has today.
@@dominican200 New York is a paradise I live here everyday no crime here Mayor Adams is doing a great job keeping everyone safe keep borders open vote blue Biden 2024!!
I live in Atlanta but visit NYC 2-3 times per year. The last time I used the subway in 2016, a visibly ill homeless man who had crapped in his pants, was sleeping in the subway car. The entire car smelled like a sewer - people walked in, took one sniff, and walked out. Since that day, my wife and I just use Uber. NYC used to be a beacon to the US; now, it exists as a warning. Local elections matter - be careful who you put into power.
Cash jordan the prototypical douchy NYC gentrifier. He failed at being a real estate agent in NYC, made a promise he would leave NYC forever but he failed at whatever he was doing back at mommies basement came back to NYC to complain about living in NYC. LoL! Prototypical douch bag gentrifier wanna be. What happend with 'voting with your feet'? LoL! If you hate NYC just leave already! LoL!
We are being gaslit! The MTA is withholding services and blaming it on financial woes. It's draconian and the MTA should be investigated and held accountable. To blame the reduction of services on the congestion pricing pullback is obscene. Subway and train fares are through the roof and they never fix infrastructure. NYC has the most expensive subway system in the world and the MTA suits cry poor while summering in the Hamptons. Pathetic.
Yes that is a ploy. Forced coercion. They have misappropriated revenue in past. There were employees of MTA that were indicted years ago on fraudulent actions.
Nope. You clearly never use mta. I bus to work and some days - not trips, DAYS - NO ONE PAYS. The entire route of kings highway. That's just one bus, one way. How much is that going on throughout the hundreds of bus lines that travel every hour of every day? That is a ton of losses
@@jamesneese7663 I’ve noticed the same thing! And when you do pay the fare, you have to stand up the entire time because people who didn’t pay the fare got to the seats before you did because you bothered paying the fare! So many people not paying, it has to add up at some point! I still believe the MTA should be investigated!
Cameltoee Harris, just the other day was saying "This administration has spent a Trillion US dollars on infrastructure in the last year". Vote for liers get lies.
The Seoul transportation budget (including every type of transportation) is about 1.7b dollar. The entire city 2024 budget is 29b dollar. I can't even begin to understand what is going on in NYC.
The 19.8B operating cost is the entire MTA, which runs the buses, several railroads, and the tunnels and bridges. It also ignores operating revenue. The net operating flow is about $8B cost. That's roughly equal to the amount actually contributed by the governments. Considering NYC has 4x the population, it seems pretty reasonable at a glance.
@@MauveAlerts Well with that context and the fact that labor is more expensive it actually makes some sense that it might take 20b dollars for a well functioning transport system, but for what it seems here it is nothing close to one. I've never been to NY so I can't really tell for my self.
As in any democratic system, one only gets the political competence the majority of voters vote for. You could make the excuse that the politicians (in this case, and many, many other cases across the United States, Democrat politicians) broke their promises, but if you keep voting the same party in again and again, having been given promises (often the same promises), you only have yourselves to blame
@@kasumimori1798 I think you forgot the human factor here. Don't matter Red or Blue it will happen. lol. Would you leave your wallet on a park bench for 10 mins ? Everything I own I worked for and bought myself. Didn't no politician have one thing to do with it. Come save me biden. Come save me trumpy. lolol
I refuse to regularly use subways in NYC. Its not that I hate public transit, I use public transport in europe all the time. Its just that NYC transit is broken, scarry, smelly, and slow.
Cash jordan the prototypical douchy NYC gentrifier. He failed at being a real estate agent in NYC, made a promise he would leave NYC forever but he failed at whatever he was doing back at mommies basement came back to NYC to complain about living in NYC. LoL! Prototypical douch bag gentrifier wanna be. What happend with 'voting with your feet'? LoL! If you hate NYC just leave already! LoL!
Cash jordan the prototypical douchy NYC gentrifier. He failed at being a real estate agent in NYC, made a promise he would leave NYC forever but he failed at whatever he was doing back at mommies basement came back to NYC to complain about living in NYC. LoL! Prototypical douch bag gentrifier wanna be. What happend with 'voting with your feet'? LoL! If you hate NYC just leave already! LoL!
Union labor = american citizen worker ! how is that not a Win or you prefer a mexican guy do it price 50% off and pay no tax you complaine over the wrong stuf
Man, I love your channel and the way you cover everything. You are the best! It’s so informational and I learned so much. If only the lawmakers and governors and other people would take the time to watch your channels, they would be able to figure things out or come up with better plans. Please don’t ever stop. You’re the best journalist New York has ever had. I look forward to your videos daily thank you again for all your time and effort that you put into making these videos. I appreciate you.
Cash jordan the prototypical douchy NYC gentrifier. He failed at being a real estate agent in NYC, made a promise he would leave NYC forever but he failed at whatever he was doing back at mommies basement came back to NYC to complain about living in NYC. LoL! Prototypical douch bag gentrifier wanna be. What happend with 'voting with your feet'? LoL! If you hate NYC just leave already! LoL!
@@halogeek6 Cash jordan the prototypical douchy NYC gentrifier. He failed at being a real estate agent in NYC, made a promise he would leave NYC forever but he failed at whatever he was doing back at mommies basement came back to NYC to complain about living in NYC. LoL! Prototypical douch bag gentrifier wanna be. What happend with 'voting with your feet'? LoL! If you hate NYC just leave already! LoL!
Like so many other things this issue isn't a funding problem, its a spending problem. After all, we're all paying EVEN MORE taxes since everything is so expensive! And yet the problems stay the same? Where's that money going then? Spot on!
They’re squandering the money. Even on weekends when they shut down lines for repairs or track maintenance, I rarely see the contractors doing any work.
Up until 4 years ago I came to NYC as a tourist once or twice a year. Paid lots of money for hotels, restaurants, shows, museums, etc. After witnessing two muggings and increased trash on the sidewalks, I decided that I would discontinue my visits. Probably will never go back. Too bad.
Nearly two decades ago I made a Amtrak connection at Penn Station and didn't feel safe walking around Madison Square Garden. I shall never make a connection in New York City again...
I came for the interesting real estate videos but I’m staying for the only honest look at the rapid decline of a once beloved city. Thanks for letting people see what is really going on.
After 12 years, I’ve been out of the city for three weeks and I already feel renewed. If you’re thinking that if I just hang on, NYC will become better for working people, you’re dreaming.
Cash jordan the prototypical douchy NYC gentrifier. He failed at being a real estate agent in NYC, made a promise he would leave NYC forever but he failed at whatever he was doing back at mommies basement came back to NYC to complain about living in NYC. LoL! Prototypical douch bag gentrifier wanna be. What happend with 'voting with your feet'? LoL! If you hate NYC just leave already! LoL!
I live in Tehran-Iran if theres one thing i love about Tehran is the metro system many of my profs have studied in US or Canada and they all tell horror stories about north american transit
isn't it amazing how there is enough tax money to give migrants free housing and free visa cards with money on it, but then their also isn't enough money for the subway infrastructure. NYC has their own brand of math, that fails at basic multiplication.
Typical New Yorkers, can’t build a fair city where people actually want to live and work because they coddle the upper classs balls so much, so they just blame the criminals just trying to survive 😂😂😂😂😂😂😂
Typical New Yorkers, can’t build a fair city where people actually want to live and work because they coddle the upper classs balls so much, so they just blame the criminals just trying to survive 😂😂😂😂😂😂😂
It's striking to see how New York City's tax dollars are being utilized, alongside the recurring pattern of releasing repeat offenders. I wonder if NYC residents share the same concerns about this issue, or if it's a perspective more readily apparent to international observers like myself.
Life is short, so make the most of it! Embrace every experience, whether sweet or bitter, and don't waste time complaining. Remember, hard work is the key to success, and it's more powerful than luck. If you agree, show your support.
Great stream, as always! I appreciate your unique approach to analyzing the news and markets. While a lot has changed in the market landscape, I've become less concerned about bullish or bearish trends thanks to Katie Thompson's guidance. With her strategies, I'm now comfortably earning a significant income weekly, and that's all that matters to me!
WOW! You just mentioned Katie Thompson Indeed, that woman has been an incredible mentor to me, imparting a deep understanding of the economy that I wish college had provided.
Thank you for the content. It's preferable to Invest with Individuals rather than rely on the government. My $3k Investment has brought a return of $14,100, I really appreciate Katie Thompson for her strategies.
I live in NYC, he massively exaggerates some of what's going on for doomer clicks, but I won't deny it's addicting to watch lol. City's a shithole, but outside of Manhattan is generally pretty alright
You should make the trip. You'll find out these videos are mostly B.S. with a political incentive. There are about 20 other posters walking around NYC day and night that show a completely different safe prospective. Check them out.
@@Commenter839I went in 2018 for my 50th birthday. I’m so glad I got to experience NYC pre-2020. I’d never been before and absolutely fell in love with it and the people. So it’s really not as bad as we’re told?
@@juliecleveland1837 I mean, I've been living in NYC over a decade and counting (not in Manhattan though) and while I've seen plenty of sketchy people, I've never been the victim of a violent crime there. And I'm not a scary-looking person either; I'm a relatively scrawny woman. I used to work in Manhattan too (commuted 1.5 hrs via subway and bus) and still go there pretty often just to hang out and explore restaurants. That's easily the borough where I run into the most nutjobs in the wild, but none of them have done anything to me (let's hope I didn't jinx myself) and they're usually easy to avoid. Manhattan is also the only borough where I've had the lovely fortune of spotting fresh hot turds in the middle of subway walkways. But despite all that it's not total anarchy, the vast majority of people in NYC are genuinely just trying to live a normal life. I think something I do consistently agree with in these videos is that the justice system is way too lenient on violent and repeat offenders, and punishes people who don't deserve it. That, and the migrant situation and congestion pricing situation is a joke. In fact, the leadership here in general is a joke, and before you get any ideas, no I'm not someone who blindly votes Democrat. Or Republican, for that matter
here in Chile the Santiago Metro system is a triumph for a country with the limitations that we have (it's constantly cited as one of the best in the world), yet it was the first thing to be vandalize by the mob when protests took place 🤦 and you may ask, did the protests achieved their purpose at least? NOPE, we got elections for a new constitution that wasn't approved at the end TWICE (that costs money), the Metro system had to be repaired (more money), and ultimately the same politicians that supported the protests were put in charge of the government (now almost everyone wants them out, which means we wasted more money on them). Absolutely embarrasing.
Yes. He paints. That's a perfect word for it. A great deal of this is fear mongering. This is entertainment for all you small town folks who want someone to blame that the empire is falling.
New York used to be a symbol of the prowess of the USA. Now it's a symbol for a much different, far worse reason. Your videos are real and demonstrate a full understandings of your topics. Keep it up, my friend.
I used to do public and private facade renovations in NYC and NJ for a non union company. The reason our public projects cost more than double than private in NJ is for the following reasons: 1. NYC sets the hourly wages per task on public jobs. Lets say you are working on pointer cleaner caulker work and bricklaying. In a non public job you could pay $35-40 an hour for a skilled worker. When I was there, in public work you need to pay about $75 an hour for PCC and $90 for bricklayer. 2: The New York government is very slow to approve change orders. Lets say your job is to replace brick and then you find rusty steel behind it. In private work you put together a quote and you will be working on the change order usually by the end of the week. On public jobs you need to stop for weeks or sometimes months while being forced to maintain your scaffolding, sidewalk shed, employ a site safety manager or coordinator who get paid $150,000 to $350,000 a year, and keep a foreman there with an occasional small crew to deal with small issues. In NJ you don't have a law for site safety manager/coordinator. 3. Permit approvals. In NJ you just need to bring the plans and maybe an additional 2 forms. They ask a small permit fee and it's approved within a week. Anyone can go in and apply for a permit in NJ. In NYC you need to hire an expeditor who is someone legally allowed to apply for permits. They ask you to fill out dozens of forms including noise mitigation, dust mitigation, site safety plan, evacuation map, etc etc. It typically takes 6 weeks to 3 months to get a permit because the expeditors are so backed up with all this paperwork. 4: Trainings: in NJ workers need 10 hour Osha training and supervisors need 30 hours osha training and you are good to go. These cards never expire. In NYC you needed 96 hours of training for scaffold workers. All of these trainings needed renewal after 3,4,5 years or else you get hit by huge fines. And you needed a printed record and employees carrying their training cards at all times. Its a task to manage all of that and to pay for all of the trainings. Maybe 2-3k ust to train up a new hire. And the only useful information came from the scaffolding class. 5: Insurance: I don't know insurance costs in NJ but in NY they passed a recent law which effectively meant our subcontractors and us needed to pay $200,000 a year for insurance for their crew. It didnt matter if you had only a small crew on 1 job or many men on many jobs, that is the additional cost. My undertanding is this law was lobbied under the guise of protecting workers but was just pushed by unions and big contractors to knock out the small companies who were competing against them. 6: injuries/insurance costs. In NYC it is the only place I'm aware of where the employer is 100% liable for any injury and where the payouts are that high. Meaning your worker can show up high to work and then swan dive off the roof and the employer needs to pay all the salary and raises they would have earned for the rest of the life to the family. In most states if an employee is being negligent then the cost of an injury is usually split. This makes insurance crazy expensive in NYC but it does help workers.
'Everyone who doesnt use the subway has to pay a tax to provide the subway for everyone who refuses to pay their fare.' New York sounds like a Monty Python skit sometimes.
Transportation; "we need more money". Education; "we need more money". Crime; "we need more money". Beautification; "we need more money". Infrastructure; "we need more money". Pollution; "we need more money". Homelessness; "we need more money". And it goes on & on & on generation after generation.😮
The more money equals better education seems the most absurd to me. It's like claiming you get fitter if your gym is more expensive, without any reference to the will of the person to be fit/educated.
and never happens, its in their pockets while we are suffering/illegals are free while we suffer and be afraid of their groceries, healthcare., everything/rapes/looting/assaults/murder/ thanks Biden] did you get your votes at our expexpences/ mayayorkas
@@spencerhardy8667 Agreed. When it comes to budgets, both for private and public firms and institutions, there seems to be a tipping point, were efficiency in the use of the budget, turns into bloat and then an inefficiency in the use of the budget, to the point were the budget starts to run out of control. You see this in almost every government project and service. Everything become far more expensive, more studies are conducted for each process that is applied, and waste become endemic within the system, from a management perspective all the way down. Everything takes far longer to carry out, which costs more money, and has more waste, which then need more money to fund the next years budget, which is already behind schedule, which takes longer, costs more, and need more tax to prop-up, which is even more behind. It's a systemic death rattle that can only be stopped by saying no, and cutting budgets with direct oversight by people who actually know what they are doing.
Fun Fact: The Subways used to work fine long before congestion pricing was even an idea because people paid the fare and fare evaders got arrested. And crime prevention policies like "Stop and Frisk" kept the subways safer!
When congestion pricing was catching wind, they said this thing is supposed to cause less cars into Manhattan. However, they also projected that it will make them so much money, so which means they use the projection as if cars still come in so they never really truly intended for cars not to come in anymore just so they can get the money.
The financial reports are available on the MTA website. You might start with "MTA Final Consolidated Financial Statements" which seems like a nice 148 page summary. Fun fact: the 19.8B operating amount encompasses the whole MTA (buses, LIRR, Metro North, SI Railway, the tunnels and bridges, etc.). The net operating cost last year was $8B
This is making the Skytrain in Vancouver look better. I haven't been in NY since 2001 (right before 9/11), and seeing NYC fall apart makes me so sad, but also glad I live in Vancouver BC.
@chemcorps272 Life here is just fine. I took the subway today and got to my destination without issue. Life in this city isn't terrible. Are there issues? Of course, as is the case in any town or city in this country, but life goes on, and people live their lives here without a problem. This city is not cooked
@@beigefox6579 You seem to be the leader of the ignorant comment section... Elaborate on your comment as you are pretty vague... I am listening... Cheers
Unfortunately, there are transit simps that think otherwise. The MTA gets $20 billion and it goes to waste. Projects such as Grand Central Madison, which was to bring the LIRR to Grand Central was $7 Billion overbudget alone. The money would've gone to waste.
This is crazy... NYC and London were the two major cities that other cities relied on when designing their own public transit system... How does this happen? NYC has a tourist revenue that exceeds most other huge cities... Where is all this money going? Why is there not a forensic audit done on this city to determine where all the taxpayers, tourists and other sources of revenue going? I have so many questions... UGH
because so much money goes missing , due to laundering, politicians, big business evading taxes, shell companies Politian's run that are paid to do these upgrades and maintenance, the mob. Its a whole like system of insanity. Thats why trump said you have to pay people to get anything done. Building a new building you need so many permits and only allows you a certain time to work and before you get t he permits you need to work, the previous ones run out, so you have to pay the city more money and time to come out and give you new permits and so the cycle continues, until you pay someone off.
Wow, this vid was so comprehensive. As a fellow New Yorker, your opinion was valid bro. The MTA is so mismanaged and corrupt. Any extra money is literally being thrown into a burning fire.
Thank you again for covering this, Cash. You are helping bring awareness to a major problem and we commend you for it. I'm not even American (Canadian). The world is in chaos.
Wait - they promote using public transportation over private vehicles but won't invest and maintain them properly? What a scam. The whole reason people use their own vehicles in most places is because public transportation is so bad. When I took the bus to work on days my car was in the shop, it took 30 minutes to go to work and 60 minutes to get home, the latter due to all the LA traffic the bus had to get thru b4 getting to my stop. Driving, it took 15 to 20 minutes both ways on surface streets alone. And the bus stop near my work was always dark and not in the best part of town. The bus only ran once every hour as well. Buses in my area used to run every 20 minutes when they weren't being promoted. WTH?!
The truck drivers in Newark are already saying they won't be delivering to Manhattan if they have to pay an extra $60 per day to deliver on top of the $25 for the turnpike to get to a bridge or tunnel into the city for $38 per trip. The varrazano bridge makes 1.6 million dollars per day!! That's not including all of the other bridges and tunnels around NYC that make almost as much. The MTA is so mismanaged that they need to look at how much is being spent on unnecessary projects and problems. The MTA needs to stop fair evasion and fix itself before asking everyone else to pay more.
Cash, your videos are the absolute best. After I left my home town of Memphis when I was 37 and New Orleans when I was 50 and moved deep into the Manchac Swamps on 2 acres, this behavior is now so foreign to me. Never lock the house nor the truck and sleep peacefully at night. Greg, Springfield, Louisiana.
I totally love & respect you my Brother! You're the next best thing to BBC and the reason why I say that you speak the truth & show nothing but the truth! Please keep up the great work! Stay Blessed! 👊🏾🙏🏾
I had a buddy of mine in the fbi in the early 2010s reviewing a case where the mta were complaining they were losing money at the same time they spent over 500k on renovated bathroom. The bathroom wasn’t even in the subway. I know the mtA needs modernization but they’re corrupt. Go figure.
I live in NYC and every 2yrs they raise the cost of buses/trains saying they need the money to upgrade transit system for better travel, but I’ve yet to see any improvements and the travel prices keeps going up. The buses/trains are worse than ever, nothing works, filth is outrageous and now crime on trains/buses are up substantially. So where has our billions gone from the raises they keep getting?? NYC is a ponze scheme at this point🤦🏽♀️
yeah thats nuts the trains and tunnels etc. look like they are from world war 2... the maintenance of the buildings looks horrible, its a joke... Amtrak apparently had 5.4 billion operating expenses in 2023 with 150 active trains per day...
My guess is that there is a lot of overlap between people who receive inflated contracts from the government, and people who donate to politicians. It's also part of why the other coast is paying well above market value to build fancy apartments for homeless people.
The 20B operating cost is for the MTA (including busses, Metro North, LIRR, SI railway, bridges, tunnels) and ignores operating revenue. The net operating cost (for the whole MTA) is 8B
You should look into the contractors and the heads of the MTA and how much money they make and how incompetent they are when it comes to getting work done. But not when it comes to saying they need more money. Corruption is at the top.
I knew a third world immigrant who was an engineer for the subway. He made like $150k and I'm pretty sure he didn't have a real college degree. USA will go as NYC goes. RIP.
Hey Cash, love your channel. I was born and raised in NYC. This is what people forget. Before the pandemic, there was a very high concentration of super high net worth people living in NYC. After the pandemic many of them left forever. Those were the people actually paying for all of the programs, transit, etc, in NYC. They paid so much in taxes that you will never be able to cover things otherwise. There will never be enough normal people living in NYC to make up this shortfall. This is why NYC is failing.
Yeah yeah yeah. Compare the cost of subway maintenance to road maintenance, divide that by the number of passenger miles traveled, and tell me which one is the bad deal. You know what else doesn’t generate enough tax revenue to pay for its own infrastructure maintenance? Single family homes development. So really, who is subsidizing who here? Which way is that wealth redistribution really going?
or heaven forbid they actually get out and walk! hey, get used to the cold, people are waging war in ukraine and they don't complain about it when it's cold. right now it's like 45 deg c... upwards of 104 degrees f
Maintenance in NY costs more than anywhere else in the USA. NY transit has never been profitable, unless you’re talking about the corruption. Also the people that use these services like to pee on nice things
@@phann860 Most people pay. I'd say 90% of people riding the subway. Getting that to 99% will cost more than the revenue we'd get from that, so it's just not worth it.
@@onehouraday It is worth it, when you fine these 9% who dont pay. 2 People checking for valid tickets and fine for like 50$ when they dont have it. Lets say you need additional 3 emplyees to process the fine. Now you just have to fine at least 5 people per hour and you have payed for all 5 emplyees. Everything else "free" money and can go back into maintaining the trains.
What I don’t understand is this in other countries of the world the trains are clean cheep and well maintained and well guarded why is this damned train expensive dirty and unreliable
The NYPD budget is $6 billion, with pensions totaling $55 billion. When was the last time you observed an NYPD officer focused on their duties rather than on their phones? The last time I sought to file a police report after a hit-and-run, the officer was annoyed I asked for one, and told me to go to the precinct.
The insane amount of money they already have isn't being used in the right places to maintain and improve services! Why should they deserve more money if they can't utilize the money they already have effectively! Glad New Yorkers are finally saying no more wasting our money figure it out with what you got👏
Public transport costs a lost, especially in a city like NYC and a network so old. BTW the video is full of shitty arguments, others countries like Switzerland or Germany make others pay for their trains and public transport, especially those "food trucks" Jordan rattles about, in Switzerland trucks have to pay huge taxes because of their harm for the environment and roads... and those funds are then injected into the rail network, that's why Switzerland is one of the country with the best trains and rail in the World despite being mostly on mountains... It's a bit weird that Jordan rattles about redistribution, even in a city it makes sense, those who pollute and create the most congestion are the ones who needs to pay. For me it's funny how he mentions Whole Foods but fails to understand that a tax on those trucks will not affect anything seriously, those are giant corporations who optimize everything already, it's a drop in the sea for them.
Their is documentary about newyork construction costs nearly 11 times that of japans metro system because of numerous price gouging systems including “ studies and surveys “
@@manu.yt25 “Costs a lot” doesn’t mean 20 billion dollars. We ALREADY paying for roads and subway but they want MORE. I’m not sure if you’re from the tri-state area or not. Or are you from Switzerland? Because the comparison makes no sense. Most of the cars on the road are not rich individuals, the commuters already pay very expensive tolls to get into Manhattan for work. For example, NJ residents already pay $15 to cross the bridge into NYC. If you install another $15 toll, that’s like 8k per year in tolls just to get to work. $30 a day is insane. Do regular people pay that much for tolls in Switzerland? There’s no subway from NJ to NY, and many areas in nj don’t have reliable bus transportation to their job location. Cost of living is higher in NYC too. People who make 40-50k per year can’t afford 7-8k in tolls. So they’re forcing commuters out of work there. And yes, Whole Foods may not care, but small businesses can’t afford it. Lots of people go to China town to save money on produce while they visiting Manhattan. Well… that’s done if they have to pay $15 for additional toll. Taxi prices are going to be up, smaller restaurants, cafes and businesses up too. All that being said, these additional tolls revenue is drop in the bucket for the subway system, won’t make a difference. But it will force people out of work/ decrease income, drive prices up, hurt small businesses and divide Manhattan in 2 parts. Trucks in US do pay a lot more of taxes and fees already. I wouldn’t call arguments “shitty” if you don’t know what you’re talking about
Mr. Jordan excellent reporting. Super job.I agree with You. More money doesn't solve the problem These Big Organizations need to be responsible for the money and the promises they already made. . The maxim. That History has showed us WORKS😂 "Cut taxes and it will increase income ' and it would attract people to New York. .When we violate this principle , We see Mr. Jordan, New York City is the perfect case in point......😢.
2-3 years ago, the city I live in, stopped cash on buses because of the 'Wu Flu'. Instead, the bus drivers were told "just let people on". Cash never came back and the swipe cards people use, often run out of 'credit'. At the same time, the government was/is building a light rail system. At least 2-4 people will get on a bus pretending "I didn't know I ran out of credit". 18 months ago, the government slashed bus routes and times due to financial losses. I can't even imagine how much money they lost in fare evasion but it's a hell of a lot. And now we have a transport system that even the 3rd World would be laughing at.
Everyone in the NYC area pays for the subways. I live in the suburbs but my utility bills have an MTA (the state agency that runs the subways) surcharge. The MTA owns the bridges in NYC and the most of the bridge tolls go subsidize the subways. More toll money goes to the subways then to operate and maintain the bridges. It's crazy.
@@Lydia-Frostwhat dose reparations have to do with this? Honestly how bumfucked does your life have to be to think of reparations every living moment? Smh
$20 billion in operating alone? Many entire states don't have a budget that big. They need an audit.
They may have an audit, but it's not always gonna show it's true colors. It's too many hands in the cookie jar and secret meetings behind closed doors gets the trash picked up and curbside.
How much money has NY given to migrants.
The genius mayor spent 4 million dollars to figure out that trash goes in trash cans
@@Mrdad3255 Too many backdoor deals, like the show Boardwalk Empire!
But they’re so busy see, trying to stop Donald Trump and all.
The amount of corruption in running this city makes me wonder how this city is still holding itself together so far ?!
Remember when christie created congestion for the same reasons
Sounds like NYC isn't holding itself together.
The tons of mindless wanna be rich and the Actual rich who use the systems the long existed there. they only reason they dont all leave is because they would have to rebuild the stock market somewhere else. and they dont wanna fund that.
Actually give them an alternative and they would leave in a heartbeat. of course is the cost of buisness starts getting to expensive due to theft and crime eventually not even that can keep them there so as long as the few main financial megaprojects stay in NYC the city will shamble on like a zombie
While food and rent prices go so high youre on a survive mode, what do we need?
City: More taxes, dear citizen, more taxes
They keep voting for this and wonder why it doesn't change. Same reason the whole country is going down. Just wait til every house is at least a million dollars, maybe then people will fight back
Rural towns in Japan have more consistent public transportation than an entire American city.
I have often wished I could emigrate to Japan.
I can smell piss in that elevator from watching from the comfort of my computer miles away.
Yes thas it’s very terrible yes you are right and also a lot people are living out the street 😮
Maybe they should learn that Prior Planning Prevents Piss Poor Performance.
You might want to check your pants bro.😂
I'm watching it from mediterranean Europe and I can just feel the grime and piss, been in enough bar toilets to know
Cash jordan the prototypical douchy NYC gentrifier.
He failed at being a real estate agent in NYC, made a promise he would leave NYC forever but he failed at whatever he was doing back at mommies basement came back to NYC to complain about living in NYC.
LoL!
Prototypical douch bag gentrifier wanna be.
What happend with 'voting with your feet'?
LoL!
If you hate NYC just leave already!
LoL!
Wants felony statistics to improve? STOP FUKIN RELEASING THEM!??
In Cali they are fining the stores for making too many calls to the police. 😮
I guess that helps the crime statistics. Blame the stores, they stop making calls, crime went down. 😢
I read this as "stop releasing the statistics" and sadly that is where we are going
💯
@@sbielec30 Wow that's ridiculous
but this is how they are lowering it on paper :D
Its still hilarious to me that the moment NYC bought the subway from private hands in the 1930s/40s improvements pretty much stopped
The government can’t handle things
@@BsBsBockActually the government started neglecting public transportation in favor of private personal vehicles, which of course was to benefit auto manufacturers. The government's job is to facilitate capitalism by removing any obstacles that obstruct private profits.
@@BsBsBock*the us government
Cash jordan the prototypical douchy NYC gentrifier.
He failed at being a real estate agent in NYC, made a promise he would leave NYC forever but he failed at whatever he was doing back at mommies basement came back to NYC to complain about living in NYC.
LoL!
Prototypical douch bag gentrifier wanna be.
What happend with 'voting with your feet'?
LoL!
If you hate NYC just leave already!
LoL!
Whoever said subway delays are proof that we are not paying enough taxes needs to look into how the MTA squandered $1 billion for cameras
Most of the money for the system is spent on salaries!! A train conductor makes $120K a year!!
@@guyfawkesuThe1no reason he shouldn’t. They waste so much money he could probably be making $250.
@@guyfawkesuThe1 You are completely right , it's labour intensive . Track workers , signal and equipment maintainers , gobs of managers .
@@lanceeverhard6951 There is one reason , the subway doesant make the money .
@@guyfawkesuThe1good luck living off of anything less than 120k
I was. Born and raised in Brooklyn all my life of 59 years and worked for transit for 34 years and retired from it and I can tell you that what ever cash they say would help fix the subway is a lie😮MTA squanders what ever cash they get and nothing will get done.
I'm 24, was born in Harlem, raised in the Bronx and it's crazy how bad everything's gotten in just a few years too. When I was in high school, the subway was bearable (I had to commute downtown), but now it just sounds like a hot mess. I rarely use the subway anymore, and this just makes me want to avoid it altogether. It's truly worrying for everyone who needs public transport daily and one can only hope something will change for the better
Politicians that run the states are millionaires but the states are getting poorer....
Maybe need to fight to stop politicians from giving themselves big pay rises and make them put money into things the states need ??
That's the same story with every govt project. Collect the tax money and use it to maintain their way of life.
@@birdsmokoYou should have seen the difference between before computers, internet, cell phones and social media and NOW. We used to trust one another to say "pump gas and THEN pay ". Neither of my two best friends of 30 years I carpooled to college with are white. Look what we have now. I lettered on the r¡fle team in high school before mass x'ings became a thing too. Maybe it's time to start asking WHAT HAPPENED? I remember most businesses closing on Sunday. Yea, maybe us Christians spent our day with God but we also spent time with family, friends, events where people socialized. Everyone took a break at the same time on the same day. We certainly didn't make it 250 years like we are NOW!
So again, I ask; WHAT HAPPENED?
Do u like living there ??
How is the subway not getting sued for not being handicap accessible?? Having an elevator several stops away from where you want to go is not ADA compliant. WTF New York?!!
Governments are never held to the standards they impose on private citizens and businesses.
They get away with it because the system is so old. Some of those steps going down date to the turn of the century and are scarry!
When the Elevator is the ONLY way a handicapped person can access public transit, there needs to be some WTFs thrown
The stations came before ADA compliance so now they are slowly converting stations to be accessible but the fact that they have to subcontract with firms to survey their stations for renovation slows their progress by a lot(working with third party etc.,.)along with obvious mishandling of their budget. But I do give them credit because the MTA have converted quite a lot of stations over the years that I frequently used like the 8th avenue and 59th street stations in Brooklyn along the N line. In recent months they sealed off sections of my parents' local F stop at Briarwood to add elevators for accessibility as well. Cash Jordan is a republican shill and grifter that's sensationalizing everything to appear 100x worse than reality, his goal is simply to stoke fear and discontent towards NYC. Not that I am pro-democrat, I'm neither but seeing propaganda like this is infuriating to say the least.
@@Br3ttM*small to medium businesses.
Vote for incompetence... get incompetency
They know what they are doing
@@marimercy14 "THEY" have no idea what they are doing ,
that is why is the city of N Y and the whole state is spinning around the drain hole like the last time you flushed your commode .?
I didn’t vote for Hochul!! You don’t always get what you vote for!
@CycloidalHeadache
Vote for a pitted F-16 viper.
@@davekinghorn9567 New York is a paradise I live here everyday no crime here Mayor Adams is doing a great job keeping everyone safe keep borders open vote blue Biden 2024!!
We dont need modernization projects when you cant even maintain the system, we currently have
YES!!
So right. Why do we need TV screens in subway stations with ads. And beautiful meoralls that we don't need.
Except the system as it is currently was originally built and designed in the 1940"s. How many public or private pieces of infrastructure do you know that is that old doesn't need massive modernization as you put or just outright completely rebuilt. The problem with the NYC mass transit system is decades old and is primarily the fault of the residents of NYC who refused to pay to keep the system up to date or refused to accept the inconvenience that would be necessary to completely transform the system. To see what NYC needs to do just look at London. Its residents bit the bullet paid for the system to be revamp and dealt with the delays and now have one of the most efficient mass transit systems in the world. Is it perfect no it was made by humans, but it is far superior to what NYC has today.
@@dominican200 New York is a paradise I live here everyday no crime here Mayor Adams is doing a great job keeping everyone safe keep borders open vote blue Biden 2024!!
@@rhmrr01 brace the blue team Biden 2024!
I live in Atlanta but visit NYC 2-3 times per year. The last time I used the subway in 2016, a visibly ill homeless man who had crapped in his pants, was sleeping in the subway car. The entire car smelled like a sewer - people walked in, took one sniff, and walked out. Since that day, my wife and I just use Uber. NYC used to be a beacon to the US; now, it exists as a warning. Local elections matter - be careful who you put into power.
Cash jordan the prototypical douchy NYC gentrifier.
He failed at being a real estate agent in NYC, made a promise he would leave NYC forever but he failed at whatever he was doing back at mommies basement came back to NYC to complain about living in NYC.
LoL!
Prototypical douch bag gentrifier wanna be.
What happend with 'voting with your feet'?
LoL!
If you hate NYC just leave already!
LoL!
We are being gaslit! The MTA is withholding services and blaming it on financial woes. It's draconian and the MTA should be investigated and held accountable. To blame the reduction of services on the congestion pricing pullback is obscene. Subway and train fares are through the roof and they never fix infrastructure. NYC has the most expensive subway system in the world and the MTA suits cry poor while summering in the Hamptons. Pathetic.
Yes that is a ploy. Forced coercion. They have misappropriated revenue in past. There were employees of MTA that were indicted years ago on fraudulent actions.
Nope. You clearly never use mta. I bus to work and some days - not trips, DAYS - NO ONE PAYS. The entire route of kings highway. That's just one bus, one way. How much is that going on throughout the hundreds of bus lines that travel every hour of every day? That is a ton of losses
@@jamesneese7663 I’ve noticed the same thing! And when you do pay the fare, you have to stand up the entire time because people who didn’t pay the fare got to the seats before you did because you bothered paying the fare! So many people not paying, it has to add up at some point! I still believe the MTA should be investigated!
Facts !
Cameltoee Harris, just the other day was saying "This administration has spent a Trillion US dollars on infrastructure in the last year". Vote for liers get lies.
Nothing in NY is going to get better
Not if people keep "voting blue no matter who" it won't.
avg sanctuary city
The definition of insanity is doing the same thing over and over and expecting different results.
@@incurableromantic4006 Can't fix stupid.
@@incurableromantic4006I'm more of a 'vote red, unless I'm dead" kinda guy 😂
The Seoul transportation budget (including every type of transportation) is about 1.7b dollar.
The entire city 2024 budget is 29b dollar.
I can't even begin to understand what is going on in NYC.
Corruption.
@@mattd5240100%
Democrats! Quit voting for these people!
The 19.8B operating cost is the entire MTA, which runs the buses, several railroads, and the tunnels and bridges. It also ignores operating revenue. The net operating flow is about $8B cost. That's roughly equal to the amount actually contributed by the governments. Considering NYC has 4x the population, it seems pretty reasonable at a glance.
@@MauveAlerts Well with that context and the fact that labor is more expensive it actually makes some sense that it might take 20b dollars for a well functioning transport system, but for what it seems here it is nothing close to one. I've never been to NY so I can't really tell for my self.
I love how the politicians are blaming everything else for NYC’s problems and not admitting they are reason the city is in such bad shape.
That’s what narcissists do
Alcoholics never take blame for drinking alcohol they blame their parents for being mean when they were kids
EXACTLY.
As in any democratic system, one only gets the political competence the majority of voters vote for. You could make the excuse that the politicians (in this case, and many, many other cases across the United States, Democrat politicians) broke their promises, but if you keep voting the same party in again and again, having been given promises (often the same promises), you only have yourselves to blame
@@kasumimori1798 I think you forgot the human factor here. Don't matter Red or Blue it will happen. lol. Would you leave your wallet on a park bench for 10 mins ? Everything I own I worked for and bought myself. Didn't no politician have one thing to do with it. Come save me biden. Come save me trumpy. lolol
NYC crossed the point of no return. I feel bad for all the good people trapped there due to their incompetent bureaucrats.
I was born there and moved away yrs ago. Couldn’t pay me enough to live there again!
Good people ? 😂
I don’t, they consistently voted these incompetents in. It’s their own undoing.
They have legs. Walk to another state and pick your life up even if it's from the rock bottom.
I refuse to regularly use subways in NYC. Its not that I hate public transit, I use public transport in europe all the time. Its just that NYC transit is broken, scarry, smelly, and slow.
Cash jordan the prototypical douchy NYC gentrifier.
He failed at being a real estate agent in NYC, made a promise he would leave NYC forever but he failed at whatever he was doing back at mommies basement came back to NYC to complain about living in NYC.
LoL!
Prototypical douch bag gentrifier wanna be.
What happend with 'voting with your feet'?
LoL!
If you hate NYC just leave already!
LoL!
NYC is an embarrassment.
You spelled toilet wrong!
1974 it was fun to live there.. now its scarey
NYC is USA 😂😂😂
yeah fuck new yack city, it is just one massive open sewer/homeless camp/crack shack/meth lab/grow house/socialist dystopia!
Cash jordan the prototypical douchy NYC gentrifier.
He failed at being a real estate agent in NYC, made a promise he would leave NYC forever but he failed at whatever he was doing back at mommies basement came back to NYC to complain about living in NYC.
LoL!
Prototypical douch bag gentrifier wanna be.
What happend with 'voting with your feet'?
LoL!
If you hate NYC just leave already!
LoL!
17 million for an elevator? Ya sure and 50,000 for a light bulb. O and a hundred grand for a door nob. I promise I'm not ripping you off. 🤪😅
Union labor is costly.
How many officers could have been added for $17 million???
@@DarkbutNotsinister In NYC? About 3, and 15 skittle haired diversity hires to "supervise" them.
Union labor = american citizen worker ! how is that not a Win or you prefer a mexican guy do it price 50% off and pay no tax
you complaine over the wrong stuf
@@DarkbutNotsinister About 2.
Man, I love your channel and the way you cover everything. You are the best! It’s so informational and I learned so much. If only the lawmakers and governors and other people would take the time to watch your channels, they would be able to figure things out or come up with better plans. Please don’t ever stop. You’re the best journalist New York has ever had. I look forward to your videos daily thank you again for all your time and effort that you put into making these videos. I appreciate you.
oh you sweet summer child.
Cash jordan the prototypical douchy NYC gentrifier.
He failed at being a real estate agent in NYC, made a promise he would leave NYC forever but he failed at whatever he was doing back at mommies basement came back to NYC to complain about living in NYC.
LoL!
Prototypical douch bag gentrifier wanna be.
What happend with 'voting with your feet'?
LoL!
If you hate NYC just leave already!
LoL!
@@halogeek6 Cash jordan the prototypical douchy NYC gentrifier.
He failed at being a real estate agent in NYC, made a promise he would leave NYC forever but he failed at whatever he was doing back at mommies basement came back to NYC to complain about living in NYC.
LoL!
Prototypical douch bag gentrifier wanna be.
What happend with 'voting with your feet'?
LoL!
If you hate NYC just leave already!
LoL!
5% tax, isn't going to make a 'dent' in the budget. Just more money for the politicians to squander.
Like so many other things this issue isn't a funding problem, its a spending problem. After all, we're all paying EVEN MORE taxes since everything is so expensive! And yet the problems stay the same? Where's that money going then? Spot on!
Government employees are just as incompetent as DEI(Didn’t Earn It) hires.
It's really sad to see the current Administration in NYC's City Hall is destroying that city.
The State is complicit too
And the one before that and....
What do you expect? they are all Democrats, working for the WEF
After big bird they decided to continue with chocolate 😂
look at their bank accounts/ off shore accounts
They’re squandering the money. Even on weekends when they shut down lines for repairs or track maintenance, I rarely see the contractors doing any work.
Up until 4 years ago I came to NYC as a tourist once or twice a year. Paid lots of money for hotels, restaurants, shows, museums, etc. After witnessing two muggings and increased trash on the sidewalks, I decided that I would discontinue my visits. Probably will never go back. Too bad.
Nearly two decades ago I made a Amtrak connection at Penn Station and didn't feel safe walking around Madison Square Garden. I shall never make a connection in New York City again...
Vote republican and get a democrat.
Same!
I live 20 miles from the City. Don't remember when was the last time I went 😂
I came for the interesting real estate videos but I’m staying for the only honest look at the rapid decline of a once beloved city. Thanks for letting people see what is really going on.
The money was pocketed by officials. That money is gone.
What else is new-???🤔. Corruption has been going on since (1784)
Descending into a dystopian nightmare faster than I thought.
"Escape From New York" is sounding less like a Kurt Russell movie, and more like a genuine piece of advice.
Saw this coming 15 years ago, they said I was crazy.
After 12 years, I’ve been out of the city for three weeks and I already feel renewed. If you’re thinking that if I just hang on, NYC will become better for working people, you’re dreaming.
Cash jordan the prototypical douchy NYC gentrifier.
He failed at being a real estate agent in NYC, made a promise he would leave NYC forever but he failed at whatever he was doing back at mommies basement came back to NYC to complain about living in NYC.
LoL!
Prototypical douch bag gentrifier wanna be.
What happend with 'voting with your feet'?
LoL!
If you hate NYC just leave already!
LoL!
I live in China. Never saw a train delay in my life. Never say graffiti in subway stations. Never saw person not paying for the tickets.
I live in Tehran-Iran
if theres one thing i love about Tehran is the metro system
many of my profs have studied in US or Canada and they all tell horror stories about north american transit
Yeah but you got that weird social credit score system which can seriously hamper your life if you don’t do what the government wants you to do
Polish person here, that stuff happens in my country but VERY RARELY. Probably a combination of cultural factors and corruption.
A perfect example of how important who you vote for on the local level is.
lolol money makes the world go round. Like that would make things better. Maybe the next person in office don't need it. lol
isn't it amazing how there is enough tax money to give migrants free housing and free visa cards with money on it, but then their also isn't enough money for the subway infrastructure. NYC has their own brand of math, that fails at basic multiplication.
Joe Biden sold out the American people for the World Economic Forum
Typical New Yorkers, can’t build a fair city where people actually want to live and work because they coddle the upper classs balls so much, so they just blame the criminals just trying to survive 😂😂😂😂😂😂😂
Typical New Yorkers, can’t build a fair city where people actually want to live and work because they coddle the upper classs balls so much, so they just blame the criminals just trying to survive 😂😂😂😂😂😂😂
who voted for that
We might as well give them Xmas debit cards for presents!
I moved out of NY 20 years ago and never looked back. I am spending my retirement down in North Carolina.
In declining USA, boomer collect high dollar urban salary only to abandon cities for slave class to rot in. RIP USA
If you wanted to come to NYC, turn around and go back where you came. That's coming from New Yorker herself.
Third generation NYer fully agrees.
Stop fear mongering lol.
I wouldn't even visit or drive thru it lol
I ilve in York the OG city. You're guys new version sucks ass.
Every large western city seems to be going the same way. Immigration and bureaucracy breaking down everything.
The "REAL NEWS VOICE " of New York!
It's striking to see how New York City's tax dollars are being utilized, alongside the recurring pattern of releasing repeat offenders. I wonder if NYC residents share the same concerns about this issue, or if it's a perspective more readily apparent to international observers like myself.
Life is short, so make the most of it! Embrace every experience, whether sweet or bitter, and don't waste time complaining. Remember, hard work is the key to success, and it's more powerful than luck. If you agree, show your support.
Great stream, as always! I appreciate your unique approach to analyzing the news and markets. While a lot has changed in the market landscape, I've become less concerned about bullish or bearish trends thanks to Katie Thompson's guidance. With her strategies, I'm now comfortably earning a significant income weekly, and that's all that matters to me!
WOW! You just mentioned Katie Thompson Indeed, that woman has been an incredible mentor to me, imparting a deep understanding of the economy that I wish college had provided.
Thank you for the content. It's preferable to Invest with Individuals rather than rely on the government. My $3k Investment has brought a return of $14,100, I really appreciate Katie Thompson for her strategies.
How can I reach your advisor please??
Congestion pricing money was never going to make to the subway
Of course not. They have to pay for all the illegals. That is where the money would go.
It would have gone to “migrants”(Laundering)
Never been to NYC but I cant stop watching these videos 😅
I live in NYC, he massively exaggerates some of what's going on for doomer clicks, but I won't deny it's addicting to watch lol. City's a shithole, but outside of Manhattan is generally pretty alright
You should make the trip. You'll find out these videos are mostly B.S. with a political incentive. There are about 20 other posters walking around NYC day and night that show a completely different safe prospective. Check them out.
i have not been there since the 70's, and i can
stop watching these videos either!
@@Commenter839I went in 2018 for my 50th birthday. I’m so glad I got to experience NYC pre-2020. I’d never been before and absolutely fell in love with it and the people. So it’s really not as bad as we’re told?
@@juliecleveland1837 I mean, I've been living in NYC over a decade and counting (not in Manhattan though) and while I've seen plenty of sketchy people, I've never been the victim of a violent crime there. And I'm not a scary-looking person either; I'm a relatively scrawny woman. I used to work in Manhattan too (commuted 1.5 hrs via subway and bus) and still go there pretty often just to hang out and explore restaurants. That's easily the borough where I run into the most nutjobs in the wild, but none of them have done anything to me (let's hope I didn't jinx myself) and they're usually easy to avoid. Manhattan is also the only borough where I've had the lovely fortune of spotting fresh hot turds in the middle of subway walkways. But despite all that it's not total anarchy, the vast majority of people in NYC are genuinely just trying to live a normal life.
I think something I do consistently agree with in these videos is that the justice system is way too lenient on violent and repeat offenders, and punishes people who don't deserve it. That, and the migrant situation and congestion pricing situation is a joke. In fact, the leadership here in general is a joke, and before you get any ideas, no I'm not someone who blindly votes Democrat. Or Republican, for that matter
This is embarrassing, not even in my third world country we have something like this
here in Chile the Santiago Metro system is a triumph for a country with the limitations that we have (it's constantly cited as one of the best in the world), yet it was the first thing to be vandalize by the mob when protests took place 🤦 and you may ask, did the protests achieved their purpose at least? NOPE, we got elections for a new constitution that wasn't approved at the end TWICE (that costs money), the Metro system had to be repaired (more money), and ultimately the same politicians that supported the protests were put in charge of the government (now almost everyone wants them out, which means we wasted more money on them). Absolutely embarrasing.
@@hectorlagos8937 Soy Chileno po dhlsfj 🤣
@@eduardovargas7366 wena ql 😂
Man, Cash paints an "Escape From NY" kinda reality.
Yes. He paints. That's a perfect word for it. A great deal of this is fear mongering. This is entertainment for all you small town folks who want someone to blame that the empire is falling.
@@JustPutt201 cap, Babylon always falls
@@UltraContra711 Providence says otherwise little guy
@@ryanparker4996one of the 4 cardinal virtues
@@UltraContra711 Ah, I see you know your place! Youre not so bad little guy. I'll put a word in with the Boss for you
New York used to be a symbol of the prowess of the USA. Now it's a symbol for a much different, far worse reason.
Your videos are real and demonstrate a full understandings of your topics. Keep it up, my friend.
Politicians wasting money and breaking promises?!? Nooo....say it ain't so!
I used to do public and private facade renovations in NYC and NJ for a non union company. The reason our public projects cost more than double than private in NJ is for the following reasons:
1. NYC sets the hourly wages per task on public jobs. Lets say you are working on pointer cleaner caulker work and bricklaying. In a non public job you could pay $35-40 an hour for a skilled worker. When I was there, in public work you need to pay about $75 an hour for PCC and $90 for bricklayer.
2: The New York government is very slow to approve change orders. Lets say your job is to replace brick and then you find rusty steel behind it. In private work you put together a quote and you will be working on the change order usually by the end of the week. On public jobs you need to stop for weeks or sometimes months while being forced to maintain your scaffolding, sidewalk shed, employ a site safety manager or coordinator who get paid $150,000 to $350,000 a year, and keep a foreman there with an occasional small crew to deal with small issues. In NJ you don't have a law for site safety manager/coordinator.
3. Permit approvals. In NJ you just need to bring the plans and maybe an additional 2 forms. They ask a small permit fee and it's approved within a week. Anyone can go in and apply for a permit in NJ.
In NYC you need to hire an expeditor who is someone legally allowed to apply for permits. They ask you to fill out dozens of forms including noise mitigation, dust mitigation, site safety plan, evacuation map, etc etc. It typically takes 6 weeks to 3 months to get a permit because the expeditors are so backed up with all this paperwork.
4: Trainings: in NJ workers need 10 hour Osha training and supervisors need 30 hours osha training and you are good to go. These cards never expire. In NYC you needed 96 hours of training for scaffold workers. All of these trainings needed renewal after 3,4,5 years or else you get hit by huge fines. And you needed a printed record and employees carrying their training cards at all times. Its a task to manage all of that and to pay for all of the trainings. Maybe 2-3k ust to train up a new hire. And the only useful information came from the scaffolding class.
5: Insurance:
I don't know insurance costs in NJ but in NY they passed a recent law which effectively meant our subcontractors and us needed to pay $200,000 a year for insurance for their crew. It didnt matter if you had only a small crew on 1 job or many men on many jobs, that is the additional cost. My undertanding is this law was lobbied under the guise of protecting workers but was just pushed by unions and big contractors to knock out the small companies who were competing against them.
6: injuries/insurance costs. In NYC it is the only place I'm aware of where the employer is 100% liable for any injury and where the payouts are that high. Meaning your worker can show up high to work and then swan dive off the roof and the employer needs to pay all the salary and raises they would have earned for the rest of the life to the family. In most states if an employee is being negligent then the cost of an injury is usually split. This makes insurance crazy expensive in NYC but it does help workers.
Sounds like a money grab for corrupted city officials and their cronies!
I had no idea how bad things truly had gotten. Thanks for a cogent post.
In other words, excess bureaucracy and regulation, driven by corruption.
Basically, NJ > NY
Problem is the unions. They and soros backed these politicians so that the politicians are all yes men to them.
'Everyone who doesnt use the subway has to pay a tax to provide the subway for everyone who refuses to pay their fare.'
New York sounds like a Monty Python skit sometimes.
They can’t wait to use other ppls money.
lol Wish I'd said that!
Trash city
Businesses have to pay it as well. Goes for the bridges too, bud.
@@johndough4289 everyone but the users then, bud. Outcome is still the same, bud.
Once again, Cash, unlike the MTA, you're right on the money. How can one expect a bucket to remain topped off if the holes aren't plugged up first?
Transportation; "we need more money". Education; "we need more money". Crime; "we need more money". Beautification; "we need more money". Infrastructure; "we need more money". Pollution; "we need more money". Homelessness; "we need more money". And it goes on & on & on generation after generation.😮
Dependent Nation
The more money equals better education seems the most absurd to me. It's like claiming you get fitter if your gym is more expensive, without any reference to the will of the person to be fit/educated.
Because the suits are stuffing their pockets more each year
and never happens, its in their pockets while we are suffering/illegals are free while we suffer and be afraid of their groceries, healthcare., everything/rapes/looting/assaults/murder/ thanks Biden] did you get your votes at our expexpences/ mayayorkas
@@spencerhardy8667 Agreed. When it comes to budgets, both for private and public firms and institutions, there seems to be a tipping point, were efficiency in the use of the budget, turns into bloat and then an inefficiency in the use of the budget, to the point were the budget starts to run out of control. You see this in almost every government project and service. Everything become far more expensive, more studies are conducted for each process that is applied, and waste become endemic within the system, from a management perspective all the way down. Everything takes far longer to carry out, which costs more money, and has more waste, which then need more money to fund the next years budget, which is already behind schedule, which takes longer, costs more, and need more tax to prop-up, which is even more behind. It's a systemic death rattle that can only be stopped by saying no, and cutting budgets with direct oversight by people who actually know what they are doing.
Fun Fact: The Subways used to work fine long before congestion pricing was even an idea because people paid the fare and fare evaders got arrested. And crime prevention policies like "Stop and Frisk" kept the subways safer!
What's your point?
Exactly. We need to bring back stop and frisk and get rid of no bail reform.
Stop and frisk isn't legal.
Stop and frisk is blatantly unconstitutional but otherwise I agree with you.
Stop and frisk actually encourages cops to rob you but hey.
When congestion pricing was catching wind, they said this thing is supposed to cause less cars into Manhattan. However, they also projected that it will make them so much money, so which means they use the projection as if cars still come in so they never really truly intended for cars not to come in anymore just so they can get the money.
Maybe if New York weren't spending so much on illegal immigrants, they could afford a better subway.
Bingo!
But then the politicans wouldnt get their private jets and 5 star cuisine from michilline star restuarants
The MTA is a state agency.
Exactly
How much are they spending?
I'd like to see the receipts on that 20 billion a year spent on the subway.
The financial reports are available on the MTA website. You might start with "MTA Final Consolidated Financial Statements" which seems like a nice 148 page summary. Fun fact: the 19.8B operating amount encompasses the whole MTA (buses, LIRR, Metro North, SI Railway, the tunnels and bridges, etc.). The net operating cost last year was $8B
Honestly, THE BEST JOURNALIST I have the pleasure of watching!!
They got brand new elevators and people are already trashing them. No respect.
No class
just wait
Demons are getting out of hand.
Class? Have you seen the populations? RIP USA
Why not trash something that's not yours-???🤔
The driving tax is just crazy.. people can't afford living as it is. now you gotta pay too use the road
And we have to pay for tolls, have street cleaning and you get a ticket for anything in nyc
Right. They pay taxes already . That would be double taxing. Their paychecks to insurance to parking & tolls. NY gets more than enough revenue& taxes
We already pay taxes to build and repair roads.
This is making the Skytrain in Vancouver look better. I haven't been in NY since 2001 (right before 9/11), and seeing NYC fall apart makes me so sad, but also glad I live in Vancouver BC.
This city is so cooked
Yeah cooked, because a random RUclipsr tells you. Your life must be amazing !!!
There are so many ignorant people in the comments section. 🤦🏾♂
@@beigefox6579 Alright... So how is NYC doing?
@@chemcorps272FUN. S31TTY😮
@chemcorps272 Life here is just fine. I took the subway today and got to my destination without issue. Life in this city isn't terrible. Are there issues? Of course, as is the case in any town or city in this country, but life goes on, and people live their lives here without a problem.
This city is not cooked
@@beigefox6579 You seem to be the leader of the ignorant comment section... Elaborate on your comment as you are pretty vague... I am listening... Cheers
This stupid state should never have made congestion pricing a law in the first place
It's all about the 15 minute city - keeping you plebs tightly confined.
Bribes, blackmail.
Mustang SUV's as City vehicles?
Unfortunately, there are transit simps that think otherwise. The MTA gets $20 billion and it goes to waste. Projects such as Grand Central Madison, which was to bring the LIRR to Grand Central was $7 Billion overbudget alone. The money would've gone to waste.
@tocooh6838 The mustang mach e is a commonly used city vehicle.
I've seen so much stuff riding the subway that my eyes can't unsee.
This is crazy... NYC and London were the two major cities that other cities relied on when designing their own public transit system... How does this happen? NYC has a tourist revenue that exceeds most other huge cities... Where is all this money going? Why is there not a forensic audit done on this city to determine where all the taxpayers, tourists and other sources of revenue going? I have so many questions... UGH
The demorats definitely don't want any audits! All the massive grafts would be revealed!
because so much money goes missing , due to laundering, politicians, big business evading taxes, shell companies Politian's run that are paid to do these upgrades and maintenance, the mob. Its a whole like system of insanity. Thats why trump said you have to pay people to get anything done. Building a new building you need so many permits and only allows you a certain time to work and before you get t he permits you need to work, the previous ones run out, so you have to pay the city more money and time to come out and give you new permits and so the cycle continues, until you pay someone off.
Great questions. I have asked this and many other questions as well.
Remember being with my partner this guy and girl jumped the barriers full of face piercings I said to her "I wish I had a super magnet" xD
blue model = black hole
Wow, this vid was so comprehensive. As a fellow New Yorker, your opinion was valid bro. The MTA is so mismanaged and corrupt. Any extra money is literally being thrown into a burning fire.
Thank you again for covering this, Cash. You are helping bring awareness to a major problem and we commend you for it. I'm not even American (Canadian). The world is in chaos.
Maybe if they stop paying for foreigners
Wait - they promote using public transportation over private vehicles but won't invest and maintain them properly? What a scam. The whole reason people use their own vehicles in most places is because public transportation is so bad. When I took the bus to work on days my car was in the shop, it took 30 minutes to go to work and 60 minutes to get home, the latter due to all the LA traffic the bus had to get thru b4 getting to my stop. Driving, it took 15 to 20 minutes both ways on surface streets alone. And the bus stop near my work was always dark and not in the best part of town. The bus only ran once every hour as well. Buses in my area used to run every 20 minutes when they weren't being promoted. WTH?!
I like your presentation Cash. Keep it up! From Toronto
The truck drivers in Newark are already saying they won't be delivering to Manhattan if they have to pay an extra $60 per day to deliver on top of the $25 for the turnpike to get to a bridge or tunnel into the city for $38 per trip.
The varrazano bridge makes 1.6 million dollars per day!! That's not including all of the other bridges and tunnels around NYC that make almost as much. The MTA is so mismanaged that they need to look at how much is being spent on unnecessary projects and problems.
The MTA needs to stop fair evasion and fix itself before asking everyone else to pay more.
Cash, your videos are the absolute best. After I left my home town of Memphis when I was 37 and New Orleans when I was 50 and moved deep into the Manchac Swamps on 2 acres, this behavior is now so foreign to me. Never lock the house nor the truck and sleep peacefully at night. Greg, Springfield, Louisiana.
I totally love & respect you my Brother! You're the next best thing to BBC and the reason why I say that you speak the truth & show nothing but the truth! Please keep up the great work! Stay Blessed! 👊🏾🙏🏾
London going the same way, over taxing leads to people not visiitng the city and that mean places will close until there is nothing left.
Over taxation never leads to good outcomes
Similar demographic change cause the same social outcomes.
It must be by design.
Karma for over taxation and greed
We left in early 2021. Saw the writing on the wall. Don’t miss it.
AWESOME CHANEL ! GREAT NEWS REPORTING!!!😊
I had a buddy of mine in the fbi in the early 2010s reviewing a case where the mta were complaining they were losing money at the same time they spent over 500k on renovated bathroom. The bathroom wasn’t even in the subway. I know the mtA needs modernization but they’re corrupt. Go figure.
Must have been for the mayors summer beach house
I live in NYC and every 2yrs they raise the cost of buses/trains saying they need the money to upgrade transit system for better travel, but I’ve yet to see any improvements and the travel prices keeps going up. The buses/trains are worse than ever, nothing works, filth is outrageous and now crime on trains/buses are up substantially. So where has our billions gone from the raises they keep getting?? NYC is a ponze scheme at this point🤦🏽♀️
66 billion dollars a year goes to care for illegal aliens.
0:03 that guy carrying two full bags very close to the running trains is making me extremely anxious!
The social contract has been irretrievably broken.
$20 Billion per year? They are using the subway expense as a slush fund. A whole bunch of stuff is being written off as subway expenses.
yeah thats nuts the trains and tunnels etc. look like they are from world war 2... the maintenance of the buildings looks horrible, its a joke... Amtrak apparently had 5.4 billion operating expenses in 2023 with 150 active trains per day...
They spend 66 billion a year to care for illegals
thank you, someone gets it
My guess is that there is a lot of overlap between people who receive inflated contracts from the government, and people who donate to politicians. It's also part of why the other coast is paying well above market value to build fancy apartments for homeless people.
The 20B operating cost is for the MTA (including busses, Metro North, LIRR, SI railway, bridges, tunnels) and ignores operating revenue. The net operating cost (for the whole MTA) is 8B
Super Video, das Thema ist total stressig 🥵
You should look into the contractors and the heads of the MTA and how much money they make and how incompetent they are when it comes to getting work done. But not when it comes to saying they need more money. Corruption is at the top.
I'd like to see those contractors compared to lists of political donors. I'd bet there's a lot of overlap.
I knew a third world immigrant who was an engineer for the subway. He made like $150k and I'm pretty sure he didn't have a real college degree. USA will go as NYC goes. RIP.
Hey Cash, love your channel. I was born and raised in NYC. This is what people forget. Before the pandemic, there was a very high concentration of super high net worth people living in NYC. After the pandemic many of them left forever. Those were the people actually paying for all of the programs, transit, etc, in NYC. They paid so much in taxes that you will never be able to cover things otherwise. There will never be enough normal people living in NYC to make up this shortfall. This is why NYC is failing.
Don’t respect it cause they don’t pay for it. Couldn’t have said it any better. You’re spot on
Yeah yeah yeah. Compare the cost of subway maintenance to road maintenance, divide that by the number of passenger miles traveled, and tell me which one is the bad deal. You know what else doesn’t generate enough tax revenue to pay for its own infrastructure maintenance? Single family homes development. So really, who is subsidizing who here? Which way is that wealth redistribution really going?
Big Rotten Apple
🍎
Amazing!
So sad... yet so true... unfortunately when you have one bad apple in the bag (city) the whole bag rots quicker...
@@sandra4395 I know!
You get what you vote for
The uniparty 😂
I voted for Trump.
I didn't vote, despite being a New Yorker
@@devinsauls9137I hope you do this time around. I don’t care who you vote for, but please vote 🗳️.
@@devinsauls9137 Your part of the problem
Dont want anyone to travel, stay at home in your pods being surveilled in your smart city
or heaven forbid they actually get out and walk! hey, get used to the cold, people are waging war in ukraine and they don't complain about it when it's cold. right now it's like 45 deg c... upwards of 104 degrees f
Public services are not supposed to be making money. Tax payers already paid for them their services should be available and affordable for everyone.
Maintenance in NY costs more than anywhere else in the USA. NY transit has never been profitable, unless you’re talking about the corruption. Also the people that use these services like to pee on nice things
Except they should pay to travel on them, which it seems like it is not happening.
@@phann860 Most people pay. I'd say 90% of people riding the subway. Getting that to 99% will cost more than the revenue we'd get from that, so it's just not worth it.
@@onehouraday It is worth it, when you fine these 9% who dont pay.
2 People checking for valid tickets and fine for like 50$ when they dont have it.
Lets say you need additional 3 emplyees to process the fine.
Now you just have to fine at least 5 people per hour and you have payed for all 5 emplyees.
Everything else "free" money and can go back into maintaining the trains.
No train system in the world is profitable, they are all subsidized.
Here’s an idea - PAY YOUR FARE.
Pay for me cuz I aint gonna pay n shittt das rite cry white boi
You are Racist (sarcasm).
@@someoneinclass1500sheeeeeet
A "requirement" without enforcement is not a requirement. A law without enforcement is effectively not law. I'm not doing it : )
I'm pretty sure that kind of thinking is considered racist by our overlords.
We are moving to 15 minute cities. All your need will be within a 15 minute walk or bike ride.
You easily make some of the best youtube videos on my feed
What I don’t understand is this in other countries of the world the trains are clean cheep and well maintained and well guarded why is this damned train expensive dirty and unreliable
Government corruption & failure to enforce laws
Because the MTA & NY Politicians are crooks
Because you got morons that don't know how to run a country
Graft and corruption.
Demographics
The NYPD budget is $6 billion, with pensions totaling $55 billion. When was the last time you observed an NYPD officer focused on their duties rather than on their phones? The last time I sought to file a police report after a hit-and-run, the officer was annoyed I asked for one, and told me to go to the precinct.
At least he suggested going to the precinct-!!!🤗
The insane amount of money they already have isn't being used in the right places to maintain and improve services! Why should they deserve more money if they can't utilize the money they already have effectively! Glad New Yorkers are finally saying no more wasting our money figure it out with what you got👏
The real question is where the 20,000,000,000 dollars REALLY going? Someone's 💰 is so full, it's about to rip
Public transport costs a lost, especially in a city like NYC and a network so old. BTW the video is full of shitty arguments, others countries like Switzerland or Germany make others pay for their trains and public transport, especially those "food trucks" Jordan rattles about, in Switzerland trucks have to pay huge taxes because of their harm for the environment and roads... and those funds are then injected into the rail network, that's why Switzerland is one of the country with the best trains and rail in the World despite being mostly on mountains... It's a bit weird that Jordan rattles about redistribution, even in a city it makes sense, those who pollute and create the most congestion are the ones who needs to pay. For me it's funny how he mentions Whole Foods but fails to understand that a tax on those trucks will not affect anything seriously, those are giant corporations who optimize everything already, it's a drop in the sea for them.
Their is documentary about newyork construction costs nearly 11 times that of japans metro system because of numerous price gouging systems including “ studies and surveys “
yup and we can't buy food/and Biden brought in newcomers we have to take care of/ at the expensive of our babies and wives
the illegals get it
@@manu.yt25 “Costs a lot” doesn’t mean 20 billion dollars. We ALREADY paying for roads and subway but they want MORE. I’m not sure if you’re from the tri-state area or not. Or are you from Switzerland? Because the comparison makes no sense.
Most of the cars on the road are not rich individuals, the commuters already pay very expensive tolls to get into Manhattan for work. For example, NJ residents already pay $15 to cross the bridge into NYC. If you install another $15 toll, that’s like 8k per year in tolls just to get to work. $30 a day is insane. Do regular people pay that much for tolls in Switzerland?
There’s no subway from NJ to NY, and many areas in nj don’t have reliable bus transportation to their job location.
Cost of living is higher in NYC too. People who make 40-50k per year can’t afford 7-8k in tolls. So they’re forcing commuters out of work there. And yes, Whole Foods may not care, but small businesses can’t afford it. Lots of people go to China town to save money on produce while they visiting Manhattan. Well… that’s done if they have to pay $15 for additional toll.
Taxi prices are going to be up, smaller restaurants, cafes and businesses up too. All that being said, these additional tolls revenue is drop in the bucket for the subway system, won’t make a difference. But it will force people out of work/ decrease income, drive prices up, hurt small businesses and divide Manhattan in 2 parts.
Trucks in US do pay a lot more of taxes and fees already.
I wouldn’t call arguments “shitty” if you don’t know what you’re talking about
I feel so sad for these beautiful city.😭.
RIP NYC
NYC Politicians: how can we make life worse for the residents of NYC?
Mr. Jordan excellent reporting. Super job.I agree with You. More money doesn't solve the problem
These Big Organizations need to be responsible for the money and the promises they already made.
. The maxim. That History has showed us WORKS😂 "Cut taxes and it will increase income ' and it would attract people to New York.
.When we violate this principle , We see Mr. Jordan, New York City is the perfect case in point......😢.
2-3 years ago, the city I live in, stopped cash on buses because of the 'Wu Flu'. Instead, the bus drivers were told "just let people on". Cash never came back and the swipe cards people use, often run out of 'credit'. At the same time, the government was/is building a light rail system.
At least 2-4 people will get on a bus pretending "I didn't know I ran out of credit". 18 months ago, the government slashed bus routes and times due to financial losses.
I can't even imagine how much money they lost in fare evasion but it's a hell of a lot. And now we have a transport system that even the 3rd World would be laughing at.
LA's light rail is a rolling RV for homeless and addicts
But the government can spend more than 66 billion dollars a year to care for illegals
What city?
Cash -- as always, thanks for keeping us informed as the city I left decades ago appears to be descending into chaos. And, as always, STAY SAFE!
For now, at least keep the subways CLEAN and SAFE daily. Upgrade the system later when there is a soluble plan..
All that money gets pocketed
Tax the people who don't use a service to fund the service. How stupid.
Taxation without representation. What revolution started because of that?
Just like reparations. Seems like they love using that method for everything.
Everyone in the NYC area pays for the subways. I live in the suburbs but my utility bills have an MTA (the state agency that runs the subways) surcharge. The MTA owns the bridges in NYC and the most of the bridge tolls go subsidize the subways. More toll money goes to the subways then to operate and maintain the bridges. It's crazy.
They have no money here, but plenty for their "projects" in Europe ... 😅
@@Lydia-Frostwhat dose reparations have to do with this? Honestly how bumfucked does your life have to be to think of reparations every living moment? Smh