Quote:
Originally Posted by jd3189
^^^ That probably it. I have always been led by these articles to believe that all of NYC was becoming too expensive. But it seems like every time I actually check the city itself, gentrification is mainly high in parts of Manhattan and the parts of Brooklyn close to it. The rest of the city is still affordable and local, as in there's still bodegas, delis, etc serving long time residents in most blocks. Pretty much the New York I remember.
|
Even in Manhattan, and I'm talking in places like the UES, you can actually get good deals with regards to rentals. Its all about scouting the units and research. Timing is also important. One can live on the UES and have a salary of 60-70k. It can be done... its all about timing and research.
The cities housing market takes dedication to crack, but if one is willing to look, it can be affordable.
Right now the best places to snatch are along transit corridors. Prices vary and sometimes a good deal could be had if one is willing to walk 6-10 blocks from a subway station (2-3 blocks vs 6-10 will vary in price).
Studios vs 1-2 bedrooms will vary. Studios can at times be bargains, and for single folks, a studio is ideal in Manhattan.
Best to take advantage of Harlem, the area is quickly gentrifying (property buying) and a studio or 1 bedroom purchases now, in 2-3 years, will make a healthy profit. Some units I have seen rise 90k in a single year in Harlem. Buy buy buy!!!