Middle Class is leaving New York, New York Becoming Like A Third World Nation.. The Rich and the Poor Only

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Image result for extra news boy cartoon sign   The Middle Class is leaving New York,  New York is Becoming  Like A Third World Nation.. The very Rich and the Poor Only. The high cost of living is chasing away New  York’s middle Class and its future as college graduates seek jobs and homes  outside of New York, even thou the price of  Real Estate sharply drops lower and lower  the future to to middle class, its professionalization core and base leave the Metro New York area for parts unknown, to get decent housing at a moderate cost. whats left is the very rich who doesn’t seem to care about the high cost of living

       New York and its poor  who have no  choice in the mater and stay as rent control and  and other  forms of  subsidized housing keep them in New York. while  the Middle Class  flees, real estate falls lower making a sort of fire sale price on homes for sale . changing neighborhoods from middle class to lower  income and whats left is  the working poor .

THANK YOU THE LERMAN REPORT STAFF

 

 

 

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