Very good analysis , I actually was part of a business with my brother , man it was a struggle . It's hard to create something in NYC that will for sure run and make you lots of profit or even a decent one . The rent catches up to you. Upstate areas are easier to buy towards a business or even jobs
Low overhead is a why online sales are killing the retail / commercial sectors. I live in a small town and work to support the small local businesses... it is the way to help foster and maintain a community for all in it.
It is good for the community and business as well , keeps the cycle rotating at all times unlike bigger cities where it's not the case
The town I live in is a small fishing village type with houses dating back to 1663 (oldest I have found so far). And so far they have kept going through everything.... we will see this time.
I rather live there then this rush ! Or like half of the year spend time there and then here . Switching places is always good for health