show yo mug

[strandinthewind]

The taxes and fees will be more than the rent LOL.

Actually, I saw a few pretty cool places (1BR) on the UWS for $2,000 - $2,300 - most had elevators and some had laundry - though none were luxurious by any standard, much less mine .

But, yes, NYC's real estate bubble will burst soom IMO. Having said that, I think that while the percentage drop will hurt, if you bought three or so years ago, you will, for the most part, still make money if you sell it.

[HejiraNYC]

Originally Posted by strandinthewind

The taxes and fees will be more than the rent LOL.

Actually, I saw a few pretty cool places (1BR) on the UWS for $2,000 - $2,300 - most had elevators and some had laundry - though none were luxurious by any standard, much less mine .

But, yes, NYC's real estate bubble will burst soom IMO. Having said that, I think that while the percentage drop will hurt, if you bought three or so years ago, you will, for the most part, still make money if you sell it.

Oh, hon', please... leave your standards behind in Atlanta! Manhattan- the only place in America where wealthy people live in sub-poverty conditions. And that is no exaggeration! If your place is full of roaches and mice, you pretty much have to deal with it because a) it's very hard and very expensive to find another place; b) the landlord has no incentive to fix it since there are 1000 other people willing to take your place; and c) if they do remedy the situation, they will jack up your rent 50% and brand you a "problem tenant." $3,500 for a 1 bedroom apartment is just your standard 600 square-foot shoebox in Murray Hill with a lobby attendant and formica countertops; it's not the Plaza Hotel. And if you have a car, that's another $450/month to park it. I swear it sometimes makes me crazy to see the quality of life you find in other cities; it really makes me wonder...