Ridiculous Prices

[FeeFee]

Originally posted by Peaches-n-Cream
I should move to Annapolis and scope those cute cadets. *growl*

You lived in NYC in the early 90's, right? Since 1993 the price of real estate has gone up on average 120%. In neighborhoods that were less appealing ten years ago the rents and purchase prices have increased by an even greater percentage. Here is what I have found: East 72 St $2,200/month, East Harlem East 117 St. $1,500; Fort Greene Brooklyn $1,700; Lincoln Center area W.64th Street $1,700; West Village $1,750. These are one bedrooms apatments. The $1,800 apt is in the East 90s

Anyway, I've been looking in Manhattan. I grew up and have a place in Queens so I guess that is where I am staying. Interestingly people are now asking me about my neighborhood because Manhattan has become far too expensive. The suburbs (Long Island, Westchester, parts of NJ) are expensive, too. A house on L.I. that cost $250,000 in 1995/96 now costs over $400,000.

I definitely know what you are talking about. It's getting expensive to live just about anywhere in NYC, regardless of the neighborhood's reputation. You're right - most of us will wind up spending at least 50% of our montly earnings on rent alone. You would think that companies and city agencies would take real estate prices into account when giving out salaries. It sucks that the real estate prices have gone up, while salaries pretty much remain the same.