Want to Live in NYC? It’ll Cost You - 2 bedrooms=$1,000,000

[dArKeR]

Lost among the stories about the baseball playoffs, the Pope’s 25th anniversary, the Chinese putting a man in orbit (yawn), the likely FDA approval of silicone breast implants (are these people nuts?!) and the latest Bush administration’s failures in Iraq, was one juicy piece of news last week: A new report revealed that the average two-bedroom apartment in Manhattan now sells for more than one million dollars.

NOW, AS SOMEONE who considers himself an ambassador from the strange and distant nation known as New York City, it falls upon me to explain what that means: It means that many Manhattan apartments—consisting of two small bedrooms, a small living room, a bathroom so small that the sink, shower stall and toilet are practically the same devices, and a kitchen barely big enough to allow you to prepare dinner to eat on a coffee table in that small living room—cost more than one million dollars.

http://www.msnbc.com/news/982772.asp?0ql=c7p

[IrateCitizen]

1. Well, that's actually the AVERAGE price...

... which is affected by all of those multi-million dollar penthouses on Park Avenue.

The median price (50% above, 50% below) is a much more managable $570K or so. :eyes:

[soleft]

2. My post lottery winning budget always includes a mil for apt.

But then I want a larger bathroom and kitchen.

[spooky3]

3. It is so depressing.

I love New York City (and San Francisco), but it seems to me that you have to be superrich to afford a decent quality of life there.

[wetbandit2003]

4. Im much happier in my humble home

Im much happier with my 3br home with a 2ar garage on .4 acre lot in the county. Why would anyone want to pay that much on an apartment in the big city, living by the rules given by some disgruntled building administrator. Im glad I moved out of the "Flats" and being able to go out into my garage and tweak or repair my cars when ever I feel like it and being able look out my window and seeing yard instead of a parking lot or a busy street. All this wonderful living for under 110K!!!!!
:hi: