3 blog reactions to http://gothamist.com/2008/01/03/map_of_the_day_131.php

gothamist

useful. What would it mean if rents were outlawed? Who lives here? The fourth quarter numbers are in, and the average cost of an apartment in Manhattan is up again, to $1.4 million. The median price of an apartment in our neighborhood went from $763K last year to $1.195 million this year, an insane 57% increase. Unlike much of the nation, there was very little bubble here. In part, this is because it is virtually impossible to get into an apartment in New York with “zero down,” and pretty hard to get into one without at least 20%

useful. What would it mean if rents were outlawed? Who lives here? The fourth quarter numbers are in, and the average cost of an apartment in Manhattan is up again, to $1.4 million. The median price of an apartment in our neighborhood went from $763K last year to $1.195 million this year, an insane 57% increase. Unlike much of the nation, there was very little bubble here. In part, this is because it is virtually impossible to get into an apartment in New York with “zero down,” and pretty hard to get into one without at least 20%