I'm born and bred. Given that my mom lives on Long Island now and I'm the only one she has, I'm stuck here. Additionally, my partner works for the DOE and needs to stay to get his pension.
I've lived through and witnessed the changes and agree with many of the observations: it's now a radically capitalist city that caters only to the 1% and tourists. Everything is about money, and the neighborhoods I once loved are overrun with douchey bros, princess posses and wealthy white parents. How sustainable this is remains to be seen. But it is self-perpetuating with the wealthy. They can't park their money fast enough in real estate which pretty much guarantees that the market will continue to skyrocket. (remember - in 2008 when the economy collapsed, prices here only went down about 15%).
My partner and I have a combined income of 300k, but with student loans and helping my mom out, we can't afford to buy. Because EVERYTHING is going for cash now. However, I still find myself in love with certain aspects of the city. The food. The arts. The few friends who have hung on and still live here. The occasional peel of a saxophone drifting out of an open apartment window on the occasional quiet weekend day.
Our only coup was being able to get into a rent stabilized apartment that we love in a beautiful part of Brooklyn. Hopefully we can stay there until mom passes away, then consider moving up to the hudson valley or something.
But I mourn though for the city I once knew. Yes, it was dirty and dangerous - but as far as I'm concerned that was the firewall that kept out all the fucking idiots. And there were so many amazing awesome people here - artists, strivers, freaks etc. Even the rich were edgier. And we had the great democratizers: the clubs. Where fags, stock brokers, bohemians and euro trash all collided beautifully.
It will be interesting (or obvious) to see what happens to the Bronx and outer Queens/Brooklyn. Manhattan is Mecca for the ambitious and money-hungry, which will continue to impact these areas as more and more people move here to become the next King Shit.
Recently a friend told me he finally was able to buy - in East New York. I almost spit out my beer. But then found articles like the link below.
Which is to say it's a whole new game here and we're just seeing the beginnings of it. But whatever happens, one thing you can be sure of: NYC will NEVER be the engine of cutting-edge culture again. It's nothing but a business now. A very profitable one.