Nightmare: A culturally dead city that's still unaffordable

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Wanted to share a comment from this post:

ed said...
My nightmare is that the job losses on Wall Street turn out to have no effect on New York, since the city has basically turned into a place for the super rich to go and live, not as a place to have careers. That is what Venice turned into during the 18th century. Then the city will be culturally dead, with no recovery, and it will still be unaffordable.

October 9, 2008 1:24 PM