They keep telling us that nearly 300 New Yorkers leave the state each day, but the prices of homes never drop!
My only guess is these leavers are being replaced by new immigrants from overseas ( e.g. Chinese, Indians, Koreans, etc. ).
Albany screws with the real estate marlet with its STAR program. Makes it easier for geezers, harder for young families to stay. Not a recipe for a healthy, growing state.
In my area, 60 miles north of DeBlasio city, I’m seeing a massive influx of people moving up from there. Its ‘cheap” compared to the city proper. The original people here are leaving the state as fast as they can or after retirement.
It has sped up within the last 3 years.
Clearly in NYC that is the case. You watch the news and anytime the interview any “person on the street” about anything, car crash, fire, crime, they’re foreign born. Doesn’t matter how they are, what color they are, nothing. They are not Americans. Sometimes I think my brother in the last American in NYC.
Yep. NYC has more invaders than houses still.
That's exactly what happened to Vancouver, Canada.