How the habitants of New York City became NYC residents
In the years leading up to the 2008 financial crisis, New York was a booming city of residents, but it was also home to a thriving housing industry.
The housing bubble began to burst in late 2008, and the city was left with the largest housing bust in its history.
Today, the city is on pace to become the most expensive city in the world to live in.
For residents like Iza, who was born in the mid-1980s, living in Manhattan was a privilege.
“I’ve never been to a foreign country,” he said.
“So I thought, I have to be able to do something that I really enjoy.”
Iza’s parents moved from Russia in 1978, and he grew up in New York, working as a busboy at a subway station.
His father was a salesman at a shoe store, and Iza grew up around sports, movie theaters, and fashion.
“A lot of people had a tough time, but I was always surrounded by people who helped me with my studies and my career,” he explained.
“It was my home.”
Izzie, Iza and I spent the next five years living in New Jersey, where I had to leave high school and attend college, before eventually moving back to New York in 2017.
“You have a lot of different people in the neighborhood,” Izz, Izz’s wife, told me.
“But I’m here, and so is my son.
I think that’s a big part of why we got here.”
It’s an apt metaphor for New York.
In the first three months of 2017, the number of people moving into the city dropped by a third from its peak of 5.7 million people in 2017, according to census data.
According to New Yorkers who moved to the city between January and March of this year, the vast majority of them left because they were priced out of the market.
“The market is collapsing,” Iza said.
Izzie explained that the New York housing market has been on a downward spiral since the financial crisis began.
For years, the real estate market in the city has been very expensive, with median sales prices climbing at an average annual rate of about $1.6 million.
In 2017, New Yorkers spent $7,800 per person on rent, more than double the average rent for all of the US.
Izz said the city’s high housing prices have been exacerbated by a combination of factors, including a lack of affordable housing.
“There’s no place that’s affordable for everybody in the City, and people are priced out,” Iz said.
And, of course, the influx of foreign nationals, many of whom came here with the hopes of finding a better life, has led to the construction of a large influx of immigrants.
“They have no idea how to integrate here,” Ize said.
New York’s growing diversity of immigrants has also caused tension between the city and the rest of the country.
The city has a high percentage of residents of mixed race, but many are from immigrant families and are worried about being perceived as foreign.
“This is a city that’s built for white people, and now we have to worry about people of color,” Izy said.
It has been the subject of a national debate.
In September of last year, President Donald Trump’s administration put a moratorium on new immigrants from seven Muslim-majority countries, saying the measures were necessary to protect the country from the threat of terrorism.
But critics of Trump’s ban said that the measures hurt New York because it is home to immigrants and people from minority groups.
New York City Councilman Scott Waguespack, a Democrat, argued that the new restrictions are unfair to the immigrant communities that make up New York and that they violate federal immigration law.
“If you’re a legal resident, you can’t be in the country illegally,” Waguesamp said.