NYC is becoming unlivable for absolutely everybody:
FAO Schwarz, the oldest toy store in the United States and a retailer once considered accessible only to the rich, is closing its much-loved Fifth Avenue flagship store in Manhattan, citing rising rent prices.
The city is going completely nuts. Just yesterday I read a long and weepy post about the horrible hardship of living in NYC on a salary of $70,000. This would be insane anywhere but in New York it’s a little less insane.
I never understood why anybody wanted to live there anyway.
Clarissa's Blog 
My favorite part of NYC was the restaurants. Ten or even 5 years back NYC had restaurants miles ahead of other cities, but now everywhere else had caught up and NYC has lost its character in most neighborhoods because only major chain businesses are left. And yes, a tiny 1 bedroom will set you back 3,000 per month and you’ll need to pay a broker 1 months rent to even find it!!!
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“Ten or even 5 years back NYC had restaurants miles ahead of other cities, but now everywhere else had caught up and NYC has lost its character in most neighborhoods because only major chain businesses are left.”
“And yes, a tiny 1 bedroom will set you back 3,000 per month and you’ll need to pay a broker 1 months rent to even find it!!!”
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Is it too soon to blame a democratic mayor? Despite the political leanings of residents it seems to do best with Republicans in charge…
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FAO Schwarz moved into its Fifth Avenue location because its fortunes were looking up, and then they were acquired by a much larger company.
Now their beancounters are demanding a cost reduction …
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The store was a landmark and a huge tourist magnet. It’s sad to see it go away.
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The same thing happened to Marshall Fields in Chicago, and the Macy’s that replaced it is another boring, bland Macy’s few could genuinely give a toss about.
And then there’s what Sears eventually did to Eaton’s in Toronto …
I think the moral of this mercantile story is obvious: try not to get bought by large American companies.
[oh, right, I forgot about the “Burger Horton’s” deal for a moment] 🙂
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