Two Tales of One City

If you read NYTimes.com today, you discovered that:

1. New York City, because of its resilience, is uniquely weathering the economic downturn better than other cities, and…

2. It’s not.

Take your pick.

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One Response to “Two Tales of One City”

1. Gavin Says:
   December 31st, 2008 at 5:21 am

   Just moved here (NY) from LA about a four months ago and have found the prices to be still kinda inflated as far as purchasing goes. However, we moved here at the top of the rental market I think and now a larger apartment in the same building/neighborhood as us is renting for significantly less than we paid.

   I think for some reason, NY is just delayed on all economic fronts - maybe because the people who can afford to live here have more money in reserve?

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