Rents in New York are falling, and credit and other requirements are becoming less strict, even for desirable neighborhoods in Manhattan. The Times even uses the word “bubble” to describe the old world order, which suggests that it’s not just the economic downturn but a realistic reevaluation of inflated prices. We’ve noticed something similar in Philadelphia; people are offering more for less. We might even be able to live somewhere where cabs come, and good restaurants will deliver! Yay.
The story about NYC also includes what I’m pegging as a very artful non-description of a Manhattan brothel: “an acupuncture parlor down the hall that stayed open very, very late and served a male clientele.”