As interesting as it would be to live on the Upper West Side the only part of NYC I’d consider is Staten Island. OTOH I wouldn’t mind Connecticut.
Pretty simple.
All very true! My former downstairs neighbors have 3 kids under 5, in a one-bedroom apartment. They are dying to buy a house, but she doesn’t work and he rents out apartments as a realtor. My instinct tells me it ain’t happenin’ for them any time soon. One bedroom apartments are selling for $250K and up around there.
Depending on NYC borough, median house price is $0.5-1.8M
That will get you a nice lakefront McMansion 30 minutes from Atlanta.
The DaCommie Urban Utopia is NOT?
Whoda guessed...
Any home with property taxes over $300 per year is slavery for State pension rackets.
They be stealing your home.
They should check Palo Alto next.
Rent for a 500ft studio is $3,000 per month.
Only way i would live there is if someone gave me enough money to live somewhere else.
In southrn California the average home pn the San Fernando valley is around $650,000. Be prepared to do some fixing up too. Small yard and walls around property with neighbors too close. Apts/condos are #330,000 for maybe 1,300sq/ft. many are 900sq/ft.
Both homes and condos also have expensive HOA fees of around $400 and up in many areas. The lenders will accept as little of 1% instead of 20% as most cannot afford that huge down payment. In Minnesota I can buy 2.5 lake front homes with a large yard. If not a lake then a creek or pond or river.
“Brooklyn Heights brownstone”
Don’t dance with Mr. Brownstone.
All homes are affordable to someone, and unaffordable to someone else.
NYC.
Snort.
In my neck of the Upstate NY woods, I know folks who are paying $10,000+ in property taxes on existing homes worth less than $200 grand.
Brooklyn Heights has always been unaffordable. It is a gorgeous area with century old homes that have been kept pristine for generations. No one but millionaires and billionaires should expect to be able to own a town house there.
Eliminate the Section 8 program, no reason why welfare recipients have a “right” to subsidized housing in Manhattan, in competition with working people.
Also, eliminate rent control. Suddenly, there will be housing for working people.
I live in a brick 950 sq. ft house on 1.25 acres 15 minutes outside of a metro area in the Deep South. It cost $55,000. The house needed no work. My property taxes are $200......a year.
I live in a brick 950 sq. ft house on 1.25 acres 15 minutes outside of a metro area in the Deep South. It cost $55,000. The house needed no work. My property taxes are $200......a year.
Story, so unaffordable an incarcerated inmate can afford. A letter to a friend on the outside reviels a business plan in the making. Slip and fall and other fraudulent jail lawsuit antics afford these criminals a way to be entrepreneurs and purchase burned out brownstones in their hood for pennies, fix them up and sell them for a million, nice. Your money at work