Originally Posted by Jamtastic
would it be possible to find a one bedroom in manhattan for 1500.00 a month or less. I'm not moving there for two years but htis info would be nice to have.
the real estate market in the city has reached its peak. there are tons of residential development projects that have just wrapped up, lots of commercial to residential conversions that have been completed as a result of rezonings and tons of both new developments/new conversions that will be completed in the next 18 months. the trend in surplus availability that has been trickling out should help to cool prices considerably by 2 years from now.
i've been looking at prices on apts for sale while thinking about selling mine and getting something bigger. they stopped going up about 2 months ago. hopefully that'll become increasingly more obvious in rentals.
1500 is plenty even now.