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Old 08-05-2013, 01:12 PM
 
Location: back in Philadelphia!
3,260 posts, read 4,877,400 times
Reputation: 2051

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Quote:
Originally Posted by james777 View Post
The NY invasion of Philadelphia really began after the 9/11/2001 attacks, and accelerated with the housing bubble. Initially people were looking for an area that is safer and less likely to be attacked so you had a trickle of people who didn't have to be in NY, particularly immigrants. Then when word got out, more immigrants poured into Philly looking for a less expensive big city to settle in. I think the best time to have come here and buy real estate here was at the beginning of the 1990s when the city looked hopelessly lost. Everything was dirt cheap then.
Of course, in the beginning of the 90's you could still have bought dirt cheap real estate in now-fancy areas of NYC.
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Old 08-05-2013, 01:28 PM
 
Location: Villanova Pa.
4,910 posts, read 12,771,485 times
Reputation: 2635
Quote:
Originally Posted by james777 View Post
The NY invasion of Philadelphia really began after the 9/11/2001 attacks, and accelerated with the housing bubble. Initially people were looking for an area that is safer and less likely to be attacked so you had a trickle of people who didn't have to be in NY, particularly immigrants. Then when word got out, more immigrants poured into Philly looking for a less expensive big city to settle in. I think the best time to have come here and buy real estate here was at the beginning of the 1990s when the city looked hopelessly lost. Everything was dirt cheap then.
Though its not just poor immigrants moving in . It seems to be a wide ranging influx of all races and economic classes.
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Old 08-05-2013, 01:41 PM
 
Location: New York, NY
1,629 posts, read 2,429,306 times
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I say WELCOME! Philly can always use a little more flavor. That's the whole reason why I left in the early 90s to live in NYC. Some extra swagger can't hurt!
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Old 08-05-2013, 02:03 PM
 
Location: Philadelphia, PA
2,377 posts, read 2,695,391 times
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I'm convinced that a percentage of those who choose to move to NY would have found Philly was what they were really looking for. That or it would have provided what they cared about for cheaper.
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Old 08-05-2013, 02:48 PM
 
Location: Philly
10,026 posts, read 14,474,108 times
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Quote:
Originally Posted by james777 View Post
The NY invasion of Philadelphia really began after the 9/11/2001 attacks, and accelerated with the housing bubble. Initially people were looking for an area that is safer and less likely to be attacked so you had a trickle of people who didn't have to be in NY, particularly immigrants. Then when word got out, more immigrants poured into Philly looking for a less expensive big city to settle in. I think the best time to have come here and buy real estate here was at the beginning of the 1990s when the city looked hopelessly lost. Everything was dirt cheap then.
there's always been a tremendous amount of give and take between the cities, though for a time Philly was always giving and when people moved back, they rarely moved back into the city. what probably changed wasn't 9/11 so much as gentrification of immigrant areas of nyc. dominicans, cubans, etc found they could live in philly much more cheaply and still be close to family...and yes, I think the trend is strongerin the lehigh valley. in my experience, Philly is also drawing from all NEPA and NJ.
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Old 08-05-2013, 08:08 PM
 
Location: Camden NJ
58 posts, read 162,414 times
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Many New Yorkers may be relocating to the Philadelphia area, and Pennsylvania in general, because of 2 of the most obvious reasons, close proximity and lower cost of living. I personally know plenty of Puerto Ricans and Dominicans from New York who have moved to Philly.
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Old 08-07-2013, 03:29 PM
 
259 posts, read 322,455 times
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Quote:
Originally Posted by AllStarSun View Post
Many New Yorkers may be relocating to the Philadelphia area, and Pennsylvania in general, because of 2 of the most obvious reasons, close proximity and lower cost of living.
How much lower?

I know that the City's "temporary" additional 1% on the sales tax became permanent, so the aggregate sales tax is now 8%. NYC's is now 8.875%. People on the Philly boards also talk (and complain) about the wage tax; I wonder whether there is a significant difference between that and, say, NYC's resident income tax.
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Old 08-07-2013, 03:45 PM
 
Location: back in Philadelphia!
3,260 posts, read 4,877,400 times
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The cost of living is only lower if you can get the same job with the same salary in Philly that you had in NY. This is just not true for many people.
I've had the "I love Philly, but I could never move there because [insert job/career reason here]" conversation with a lot of people in NYC.
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Old 08-07-2013, 04:46 PM
 
177 posts, read 306,228 times
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Quote:
Originally Posted by rotodome View Post
The cost of living is only lower if you can get the same job with the same salary in Philly that you had in NY. This is just not true for many people.
I've had the "I love Philly, but I could never move there because [insert job/career reason here]" conversation with a lot of people in NYC.
It's also cheaper because it's a place where you can work a normal job and not have to live in some shoebox, even in decent neighborhoods. Think of how big Manhattan is compared to Philadelphia, and how much more accessible many parts of Philadelphia that fall within roughly the same area are when compared with how expensive Manhattan is.
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Old 08-07-2013, 05:15 PM
 
259 posts, read 322,455 times
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Quote:
Originally Posted by s1oozne View Post
It's also cheaper because it's a place where you can work a normal job and not have to live in some shoebox, even in decent neighborhoods. Think of how big Manhattan is compared to Philadelphia, and how much more accessible many parts of Philadelphia that fall within roughly the same area are when compared with how expensive Manhattan is.
That also works if one can find similar employment at a comparable salary. I know that if I were to take a similar job at a similar employer in this area, that'd mean a pay cut. It would offset the lower cost of living.

Don't more people in Philly have cars?
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