The NYTimes reports that at the end of last year, only 4,749 apartments were listed for sale. This was the lowest level of apartments on the market since 2000. Words to Start a Stampede: New York Apartment for Sale details the high housing costs which had a $1.425 million average for a Manhattan apartment this Spring. How can we lay down long term roots in the city when the cost of buying a home is astronomical and home ownership is often an important factor in where one can retire?
Tagged with: NYC