I've been looking at apartments pretty hardcore lately, and the horror stories are worse than the reality. It's more than I would pay in any other city except San Francisco, but it's not completely out of line with salaries, etc. I intend on staying in Manhattan, unless a really good co-op in Brooklyn Heights or Riverdale comes along. I'm not holding my breath, though.
There are people in my building who have been here for decades, and as a result their rent is stabilized in the neighborhood of $800/month for a 2 bedroom.
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