What these numbers show is that all the stuff people claim about NYC is backwards.
1. These declines are until mid 2022. NYC's population has rebounded since then big time.
2. No, it's not crime deterring people. Crime is heading back close to historic lows. It's cost of living that's deterring people.
3. Rich people are moving in/staying/people in NYC are getting richer. It's the poor who cannot afford to live in NYC that are leaving.
It’s the same thing in Chicago. Gentry use to remain across the river but housing priced/designed for them has pushed past halfway to the Western end of the north side (everything above the Eisenhower expressway) and has been steadily marching south, already into Pilsen, Bridgeport, Bronzeville.
I’m curious how much the Polish will put up a fight since they’ve had the Kennedy expressway separating them from the advance on the Northwest side; they’ve always been one of the largest ethnic groups, but if they’re anything like the state of the Ukrainians where there wasn’t enough young generations holding down the neighborhood I expect they’ll fall over in 10 - 15 years if things stay on course (that's from my boomer Ukranian landlord who grew up there and whose mother, whom didn't speak English and was the actual owner, lived above me in a two-story).
1. These declines are until mid 2022. NYC's population has rebounded since then big time. 2. No, it's not crime deterring people. Crime is heading back close to historic lows. It's cost of living that's deterring people. 3. Rich people are moving in/staying/people in NYC are getting richer. It's the poor who cannot afford to live in NYC that are leaving.