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Brooklyn Getting Richer, Suburbs Getting Poorer

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A story in the Times today has some data to back up what we’ve been seeing and experiencing anecdotally. As rents and home prices rise in Brooklyn, the well-to-do are moving into the city and the poor are fleeing to the suburbs, reversing a trend that has held since the mid-20th century. The number of poor people declined by 11 percent in Brooklyn and 10 pe... More


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