You cannot stop talking about the wonderful business meeting/holiday/anniversary party you scheduled in Manhattan.
Moving on UP
You loved the energy, the quickness of pedestrian steps, the boundless shopping, totally ignoring the exorbitant prices, homeless sleeping on the streets, motor bikes careening on the sidewalks, and hazards of…just about everything.
Disregarding the armed security personnel at your hotel, the garbage creating hazards on the walkways, and the increasing number of people being stabbed and shot on subway platforms and sidewalks, as you got into the cab and headed to the airport for your return flight to Georgia, New Mexico, Brazil or Thailand, you were giving serious consideration to moving your life (including the family, the business, the in-laws, the children and the pets) to an apartment in New York City.
Before you plant the FOR SALE sign on the front lawn, and pack the dishes, consider the challenges that Manhattan dwellers encounter 24/7/365.
Real Estate for Living
There are four principal options for a place to live in New York City: rentals, co-ops, condominiums, and private townhouses. In Manhattan, 563,972 (7%) of the households are renter-occupied while 179,726 (24%) are owner-occupied. There is no real estate in Manhattan that is considered a bargain…unless you believe a 10% reduction on a $5 million dollar, 2 – bedroom apartment to be a steal.
