Elizabeth Kee, a real estate broker with CORE, lived in a rent-stabilized apartment on the Lower East Side several years ago and saw development and infrastructure upgrades start to transform the neighborhood. Initially, she was excited by the changes. Then her living costs rose and she found herself looking to move to a more affordable neighborhood.
“We are such a transient city, people have to switch neighborhoods,” she says.
That might work for some New Yorkers, like the couple who moved every month for a year, but for others, especially those with kids settled into schools, it’s a much more complicated undertaking.
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