Exodus Incoming: “More than a third of New Yorkers say they can’t afford to live here”
March 22, 2019
“More than a third of all city residents say they can’t afford to live anywhere in the state — much less the Big Apple — and believe economic hardship will send them packing in five years or less, according to a dismal new poll.
That’s 41 percent of city dwellers who say they can’t cope with New York’s high cost of living, according to a Quinnipiac poll published Wednesday.
Separately, 41 percent fear they’ll be “forced” to pull up stakes and seek greener pastures where the economic climate is more welcoming…”
https://nypost.com/2019/03/20/more-than-a-third-of-new-yorkers-say-they-cant-afford-to-live-here/
Now I might not be the sharpest knife in the kitchen but I wouldn’t expect much growth in New York if a massive amount of people are about to leave. Real Estate should drop unless it’s propped up by the rich. Businesses will naturally lose revenue because less people enter shops.
To me it seems like the best strategy is to position for negative growth in New York. That’s just my opinion.