In addition to what New York City provided, it had the aura of civilized society, excellence in higher education, and deep historical roots going back to the first tea party.
That was then.
Now, Abode, an apartment-finding platform, found that more people are leaving Boston than coming there to live. As Boston Magazine reports, between July 2014 and July 2015, 6.12% of Bostonians took off for other locations. Those range from Austin, Texas to Denver, Colorado.
Why is this happening?
Well, one obvious reason is the high cost of living. Most of coastal cities such as Boston are increasingly expensive. More and more of the middle class just can't cut it.
Another reason is that folks nowadays enjoy moving. Go to just about any city between the coasts and you will bump into those from somewhere else. Relocation provides the promise of a fresh start. That can be an illusion but not always.
Those two are what Boston Magazine puts out there.
I would add that through the internet we can find an apartment or house to rent, shop for all kinds of insurances, verify crime rates, and assess if the public schools are okay. Before the Internet, we either had to have friends or relatives in the new location to clue us in or invest the time and money to do our "due diligence" about all the details.
Thanks to the internet I could relocate to low-cost-of-living Tucson, Arizona cold. High-cost-of-living New York Metro area was no longer an option.
But to have to courage to exit I needed what to me was an "exotic" location. Tucson fit the bill. The apartment I leased via the internet and the car insurance I arranged were each half what I had been paying on the coast. Why not leave?
Coastal cities like Boston might become only affordable by those with big incomes or very little. The latter can bunk in subsidized housing and receive entitlements. The rest of us will just get to visit. So, their economic developers should nurture tourism.
The world has changed. Contact Jane Genova for complimentary consultation to get the competitive edge in your marketing communications (firstname.lastname@example.org).