Hi Everyone! It’s been a while since I posted… I want to change that and I thought referencing this article in the New York Times a good way to do it. Check it out:
http://www.nytimes.com/2005/11/07/business/07move.html
The number of people leaving Boston, New York and Washington is also rising, and skyrocketing house prices appear to be a major reason, said Mark Zandi, chief economist at Economy.com. From New York, the net migration to Philadelphia more than doubled between 2001 and 2004, with 11,500 more people leaving New York for Philadelphia last year than vice versa.
Can you believe it? A net migration of 11,500 people from New York to Philly? It may be economically driven, but it’s clear that the times, they are, uh, becoming quite different.