Tough Times
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8/9/2009
New York is a city in which everything is BIG, which is good and bad. Times now are difficult since so many industries are not doing well and there is a ripple effect. One phenomena is that jobs that are coming back are at lower salaries, while the cost of living is the same (e.g. high). Perhaps that doesn't matter for someone who has to be in NYC at all costs, but for the rest of us, that does matter.
Although I grew up here and wanted to return, I find myself questioning that decision now. I am concerned that if the economics of the city do not stabilize, then the positive aspects achieved during good times will erode and the city will be less habitable for those between rich and poor.
If you have lots of money, this is the place to be.
Margaret | Washington Hts - Hudson Hts, NY