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For example in NYC, population peaked in 1950s around 8M, went down to 7M by the 80s. Losing 12% of your population can make housing pretty affordable. Popula
by steveBK123 2y ago
For example in NYC, population peaked in 1950s around 8M, went down to 7M by the 80s. Losing 12% of your population can make housing pretty affordable. Population started increasing in the 90s, re-crossing 8M around 2000... and ~9M today.
If one wants to be really pedantic, a lot of that growth was in outer boroughs that were relatively sparse in the early/mid 1900s.
Manhattan is still below its peak population of ~2.3M in the early 1900s. Fortunately we don't have overcrowded tenement housing anymore. Manhattan population was about 2M in 1950 and bottomed around 1.4M in 1980s.. so a 30% draw, and is now at about 1.7M.