How do people afford New York City?

[Aunt Bea]

It sounds a bit crazy but for some high income/net worth people it’s actually cost effective to live in Central New York with their families and commute by plane to New York City a few days each week.

Round trip airfare from Syracuse to New York City is currently $97.00.

 

[Lawrence00]

For the amenities you have, apartments here in N.J. would be considered luxury apartments. Once they are labeled that way, the rents will be higher. Here are some examples...the top picture is in Hoboken and like the Jersey City apartment, it's several blocks from the water. The Weekhawken apartment is waterfront. No way in hell I'd pay those kind of rents without a water view. These were listed on Apartments.com and don't represent the average rents in N.J., but as mentioned previously, rents in these places are similar to NYC prices.

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17 tha tha tha Thousand

 

[OneEyedDiva]

17 tha tha tha Thousand

I know...right!! Well, I was curious and took a closer look. The $17,500 apartment is 4,830 sq ft, has 3 bedrooms, 3.5 baths, a yard and garden, security and sprinkler systems as well as other luxury apartment amenities. It is currently unavailable. But that's an insane price for an apartment! Might be good for someone with a family whose job requires changing locations frequently.

 

[OldOld]

I know...right!! Well, I was curious and took a closer look. The $17,500 apartment is 4,830 sq ft, has 3 bedrooms, 3.5 baths, a yard and garden, security and sprinkler systems as well as other luxury apartment amenities. It is currently unavailable. But that's an insane price for an apartment! Might be good for someone with a family whose job requires changing locations frequently.

it's a status symbol. You can also question why people live in huge mansions in Beverly hills. Do they all have big families that need the huge space?