Thursday, October 22, 2009

The Most Recession Resistant 'Hood in NYC ...

... is Astoria! My very own neck o' da woods! At least according to Crain's New York Business it is. And I'm sure they know what they're talking about.

The proof? Lowest growth in unemployment (in this recession, that's something), fewest foreclosures (only 6 compared with over 1200 in Jamaica, Queens and almost 800 in Williamsburg), small businesses are opening and staying open (not closing), and reasonable rents have meant that people are moving in in, not out.

As someone who moved here just a few years ago, I can tell you that Astoria is one of the best neighborhoods in the whole city. It's a thriving, diverse, super-convenient place that is the quintessential New York neighborhood. Everything that's great about this town can be find right there.

And if there were a whole lot more Astorias in this town and in cities across the country, we'd be a lot better off.

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