Ah, the plight of New York’s creative middle class. The underlings of culture suffer in the trenches of their small bank accounts. So when the economy starts to tank and Bear Stearns execs are running to their real estate brokers with their hands over their heads, the rest of us secretly chuckle and clutch the newspapers to our hearts: for the first time, one and two bedroom rental prices are falling in certain Manhattan neighborhoods. And there might actually be an open table at wd~50.
I’ve got a bad case of schadenfreude, and it ain’t pretty.
(Photo Credit: Tony Cenicola/The New York Times)