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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