Geez. If they live in the NY metro area, the numbers quoted don't really say a whole lot. This quote made me laugh:
he median monthly rent for those living in apartments whose information is readily available is $1,850.
Read more: http://dailycaller.c.../#ixzz1cewJ27DH
Seriously - when I left New York City to find someplace to live that I could AFFORD - back in the 90s, that was the cost of a 2 bedroom apartment. I was literally priced out of New York - couldn't afford to live there. Even now, I'm sometimes stunned at the rates of rent compared to outlying areas. As an example:
Nov 3 - $3150 / 2br - Stunning Opportunity~MASSIVE Duplex 2 Bedroom loft~NEW - (Union Square) img apts broker fee
Nov 3 - $1695 / 2br - ALL NEW 2BR APT WITH BIG OPEN KITCHEN - (BUSHWICK NEAR THE M TRAIN) img apts by owner
Nov 3 - $2750 / 2br - 800ft² - __UNION SQ █ KING SIZE BEDS_ONE MONT_FREE _UTIL Included_ - (Union Square) img apts broker no fee
Nov 3 - $3795 / 2br - Awesome 2BR, Fireplace, Granite Kitch, Marble Bath, W/D, DW, Pets OK - (Gramercy) img apts by owner
Nov 3 - $4119 / 2br - GATEWAY ≈ WATERFRONT LIVING ≈ SPECTACULAR VIEWS - (Financial District) img apts by owner
Nov 3 - $2550 / 2br - 900ft² - Lovely Two Bedroom - (Harlem / Morningside) img apts by owner
Nov 3 - $1295 / 2br - FOR RENT- CHARMING 2 BED/1 BATH ENGLISH TUDOR - (RHINEBECK/STAATSBURG AREA) pic
Nov 3 - $1295 / 2br - Beautiful Sun Soaked 2 Bed/1 Bath Country Cottege - (Rhinebeck/Staatsburg Area) pic
Nov 3 - $700 / 2br - Recently renovated 2 bed - (Coxsackie) pic
Nov 3 - $1300 / 4br - 2100ft² - Big, Modern and Clean- Tons of Light and LAKE access - (Catskills- right on Swinging Bridge Lake) img
Nov 3 - $1000 / 2br - 2 BDRM MAYBROOK APT. WITH YARD - (218 WALLACE AVE, MAYBROOK, NY)
Nov 3 - $950 / 2br - cuddibackeville - (634 oakland valley rd)
Nov 3 - $1850 / 3br - Climbers/XC skiers wanted - (New Paltz) pi
Hudson Valley is 1 - 2 hour commute time into NYC. You can see that some of the HIGH end real estate in the Hudson Valley, matches pricing for the LOW end (for instance Bushwick Brooklyn is not ideal neighborhood) New York City real estate.
Edited by QueenTiye, 03 November 2011 - 11:27 AM.