It's hard to see how New York becomes more affordable without a bunch of serious knock-on effects that would make it a bad place to live.
During "White Flight" New York lost a substantial, but not enormous number of people, but still the effects on the city budget caused quality of life to plummet, as crime spiraled and infrastructure crumbled.
I was reminded of this after reading this recent New York Times article about the current massive budget shortfall as the tax base flees the city:
During "White Flight" New York lost a substantial, but not enormous number of people, but still the effects on the city budget caused quality of life to plummet, as crime spiraled and infrastructure crumbled.
I was reminded of this after reading this recent New York Times article about the current massive budget shortfall as the tax base flees the city:
https://www.nytimes.com/2020/09/28/nyregion/nyc-budget-coron...