> This would make sense if the population growth was increasing but at a slower rate. But, the population is actively declining. Somehow, 5.3% of people went from having housing to leaving, so I don’t think housing is the only story here.
Yes, when your rent goes up 10-20% YoY and you simultaneously lose some or all of your income, you tend to leave.
A lot of people left NYC in the last few years because they could not afford it, with housing being both the main expense and also the one that has increased the most in the last few years.
Yes, when your rent goes up 10-20% YoY and you simultaneously lose some or all of your income, you tend to leave.
A lot of people left NYC in the last few years because they could not afford it, with housing being both the main expense and also the one that has increased the most in the last few years.