From the Real Deal:
According to realtors, there’s a great exodus from New York City that can be measured in New Jersey commuters.
Over the past 25 years, people commuting across the Hudson have increased by 28 percent forcing, in turn, bus trips to grow by more than 80 percent and railway trips to triple, according to The New York Times.
“We can see that in the massive migration in the last three or four years of city dwellers,” said Jonathan J. Miller of Miller Samuel Real Estate Appraisers and Consultants to the Times.
To Miller, the cause of people decamping to the ‘burbs is a result of the climbing cost of living.
“City costs have risen more than the cost of a home,” he told the Times.