Here in New York City this week, besides the post Oscars chatter and talk amongst weather weary New Yorkers about that false mega-snowstorm warning (the 10 inches of snow forecast to hit this week never materialized past a light dusting), a lot of talk is on the new Forbes report. That new report by the magazine places New York City, in a tie with Honolulu, as the USA's "most-overpriced city" to live in because of both expensive housing and a high cost of living. Personally I expected NYC to be in a tie with the ridiculously expensive San Francisco market, which came in number 7 in a tie with Essex Co., MA while San Jose ranked higher at fifth place, but wasn't surprised with New York ranking highest expense. As Democratic Manhattan City Councilman Ydanis Rodriguez noted in a public response to the new findings things are only going to get more expensive for the average (non-rich) New Yorker.
"From ever-soaring rent levels to higher priced foods and goods invading lower-middle income neighborhoods, many lifelong residents are being pushed out of their homes," said Rodriguez in whose district the average rent is currently at just under $4,000. Meanwhile most struggling working class and middle class New Yorkers are anxiously looking to new New York City Mayor Bill de Blasio who got elected on a platform that promised more equality on things like housing. And even though de Blasio this very week forced luxury condo developers at the former Domino Sugar site in Williamsburg to construct 700 new affordable apartments (double the amount initially supposed to be built) many feel that it is too little too late in terms of housing costs overall, plus the fact that the general cost of living in NYC outweighs everything else. EG: one recent comparison study found utilities to be 29.6% higher here than in other parts of the country. Bottom line New York is a great city to be in but you do have to pay the price to live here. But on the bright side other new statistic released this week show that, while rents continue to rise, crime continues to drop across New York City's five boroughs - and this news comes following the NYPD substantially backing off on their controversial stop-and-frisk practices. New statistics show an 18.5% drop in murders for the first two months of 2014 with other crimes also substantially lower than this period in 2013.