Brooklynites are moving to Jersey City and Hoboken because the rents are too high in NYC.
The reason being that Mayor Bloomberg has not done anything to help tenants in NYC. He picks all the members of the board so they are favorable to the landlords.
See the following article at http://www.nydailynews.com/real_estate/2009/06/12/2009-06-12_bye_brooklyn_hello_journal_square.html to find out about the Brooklyn exodus.
Fair rents can only be achieved with the ouster of Mayor Bloomberg.
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