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.

About Rex Hammock

Founder/ceo of Hammock Inc., the content marketing and custom media services company based in Nashville, Tenn.

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http://gavinpurcell.com Gavin

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?