A Haven For New York Families , Now They Can't Afford To Stay
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As the cost of living climbs, parents like Caroline Fermin are finding it harder to raise children in Washington Heights, an Upper Manhattan neighborhood that has lost about half of its under-18 population since 2000. |
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Rents have soared in Washington Heights with very little new development taking place. Anna Watts for The New York Times |
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Joseph Lorenzo, wearing a checkered blue shirt and jeans, poses in front of his store, Macson, in Washington Heights. Shop owners in Washington Heights, like Joseph Lorenzo at Macson, an apparel and shoe store, have noticed fewer families as the cost of living has driven some neighborhood residents out of the city.Credit...Carolina Hidalgo for The New York Times |
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Ms. Fermin and her husband have been dipping into savings and stopped putting money away for retirement as they try to keep up with the cost of living.Credit...Carolina Hidalgo for The New York Times |
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