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@UJM, “Interestingly, over the last few years it is also starting to occur with Boro Park, but to a lesser degree. The Yeshivos there are still growing but at a smaller pace.”
My Brother in law is a menhal in on of the Boro Park mosdos and he told me they are losing 10-20% of the families a year for the past 10 years resulting in consolidation of the classes. Main motivation of the move is affordability, for what they are paying to buy a two bedroom condo in Boro park they can buy a house on a half acre lot in Monsey or Lakewood.
The main reason it is not even a greater exodus from Boro Park is the lack of capacity in schools, there are 5 applicats for every seat in the first grade in most Monsey school.
Greater Monsey starts in Pearl River and end in West Haverstraw 15 miles N to S and runs from Nanuet to Suffern W to E a distance of 10 miles.
Greater Lakewood Starts in Dover Twp and ends in Jackson E to West and starts in Manchester and ends in Howell N to S.
And that does not even mention all the new places sprang up in the past 10 years, Linden, Staten Island, Union NJ, Hollywood Fl. Etc.