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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Normal people with money left NYC during the pandemic and many never came back. Businesses that relied on their patronage closed and many people work from home for NY based industries in less expensive areas. What was left was people who couldn’t leave due to finances and mentally ill people. Due to the decrease in tax revenue services have been cut creating more city problems. Add in the migrant crisis and it all makes sense. [/quote] true, no wealthy people at all live on the UES now. it’s zombie apocalypse up there. 😂 [/quote] Exactly. WSJ had an article about how those people moved right back to NYC. [/quote] 1 out of 3 homes fail to sell. https://www.nbcnewyork.com/news/local/over-a-third-of-nyc-homes-for-sale-get-taken-off-market-without-finding-a-buyer-survey/4813867/?amp=1 Those people all moved to Florida, Long Island and New Jersey. [/quote] Yes, everyone knows expensive housing is a sign of decline. It’s too expensive nobody wants to live there. Rural Kentucky and West Virginia is where all the demand is due to cheap pricing! “Homes in the city are also considerably more expensive than the rest of the country: The median asking price for a NYC home was just under $1.1 million”[/quote]
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