Wednesday, January 25, 2006

As Manhattan Booms, Inflation Squeezes Rest of New York

The New York Times reports on the grim news for the non-rich in New York city:
"My salary has gone up 40 percent over the last several years because I have had several promotions," said Loreto Porte, a professor at Hostos Community College in the Bronx who lives in Queens. "But my expenses have gone up 50 percent. We have lost health benefits." She said that the electricity bill for her house had climbed, adding: "Property taxes have gone up. It's everything."
Blue city living.Maybe a Wal-Mart around might make your dollar go farther but in New York city you aren't encouraged to bring the subject up.