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re: And did you take out a 2nd mortgage?

Posted by:	Thom915 (Thom915@aol.com) 01:25 am EST 11/23/14
In reply to:	re: And did you take out a 2nd mortgage? - Singapore/Fling 09:12 pm EST 11/22/14

Where does he say he is considering people only in market rate condos? And living in rent stabilized apartments is not the life of a majority of New York residents either unless you live in the Bronx. One says you can still get a good meal under $ 10 in Times square if you know where to go. Do you think people in other cities don't know where to get a good meal in their town possibly for under $ 8? I take the average rent for a one bedroom apartment in New york to be somewhere in the neighborhood of $1,000. That takes into consideration all the rent stabilized apartments as well as market rate and one can still find in a good many cities a good one bedroom for between $650 and $ 800 a month, a substantial difference. Statistics are useful for one purpose. We cannot take one lifestyle and apply it across the board and say this then is the way it is for everyone.

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