Manhattan rents cross $5k threshold for first time
The problem for me, as a long time NYC resident, is that there's no other place in America I want to live even with work from home as a possibility.<p>I like mass transit. I like not owning a car. I like that the city is generally safer than the rest of America. I like that it's the center for tech on the east coast, the arts for the entire country, and finance for most of the world. I like that we generally get along in the city, across many cultures and backgrounds. I like it has some of the best food in the world.<p>I think a lot of people are like me. No, we don't want to live in Boston, Chicago, or Washington DC (similar cities with mass transit). Unfortunately demand will continue to outpace supply greatly.<p>The only alternative I have is moving further out in Brooklyn or Queens. Unfortunately the subway has decent coverage, but moves at a snail's pace, and I'm looking at 50+ minutes for 6 miles into the city.