I live in this area. We’ve always had an income/poverty problem. There has been an “extended stay” hotel problem for a long time. Ulster is a pretty poor county. The problem in the area is there’s very little industry that pays well. There was a big State Hospital that closed down several years back that lost jobs and pushed people with mental health issues into an already poor town’s strained social services network and guaranteeing a never ending struggle to lift the town out of poverty. IBM has a campus, but it’s steadily retracted over the last several decades. Iron Mountain is another tech business that has decent pay. There are several all inclusive resorts that cater to the wealthy ($400/night, nothing locals could afford to visit) that still pay standard service wages. The whole area survived on tourist money as the wealthy metro-area people had their second homes up in the Hudson Valley, would drive there on weekends or picturesque fall days for apple-picking, and then leave.

Then covid hit, they fled the boroughs, and bought all the available housing sending prices through the roof. Mediocre early 1900’s homes that what could be had for $200k now started at $350k and end up over $400k in same day bidding wars.

The Hudson Valley has been poor for decades. Known as a “rough area” in some cases, still is in towns like Newburgh despite the price hike in housing.

Everyone’s getting priced out, and there’s no commensurate increase in good-paying jobs to help the regular people. It also means any commute to the city takes 15-20% longer because RTO turned WFH people into commuters.

It’s shitty because there’s no benefit for locals.