Originally Posted by sg3
Thanks kel but IMHO the article is pretty much a crock...
NYC itself is gaining in that the elderly on fixed incomes are leaving (to those hotbeds on the list like Phoenix and other sunbelt areas to live in assisted living but are more than counterbalanced by the influx of young successful people arriving to try and make it where it matters.
Places like Billyburgh and others, once considered slums are now booming with residential development, restaurants and nightlife.
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You think that a good indicator of a healthy economy is when the middle class start moving into the slums? Really?