Attention: Most NYC Dwellers Make Far Less Than $250,000 A Year

[LynneSin]

9. NYC is a big city so alot of that depends on which borough or which neighborhood too

I read an interesting article on the NYTimes Real Estate page about why the Bronx has not revitalized in the way that Brooklyn has. I have to confess I love looking at the real estate listings in NYC even though I doubt I'd ever move there.

Brooklyn has been booming because Manhatten has become overpriced for most NYCers. If you didn't luck out finding a Rent-Controlled apartment (and btw they had a great article about that too - they compared it to finding a needle in a haystack) then for most people moving to NYC, Manhatten is just out of the question unless you can deal with a slew of roommates.

Brooklyn has been booming mainly because it's across the river from Manhatten so those wanting to connect to downtown Manhatten and still be home quickly have been going to Brooklyn and the real estate market is really going up there.

Bronx, located next to Upper Manhatten areas far away from Downtown Manhatten, the prices aren't going crazy. I looked at real estate prices and found homes around the size of my house here in Wilmington that weren't much more expensive either. I could probably afford a place in the Bronx but would I want to live there?

TV & Movies tend to focus on the areas that are glamourous to NYC which is probably why those of us who don't live in NYC think that NYC real estate is really overpriced and everyone makes hundred of thousands of dollars each year.