Where are the housing projects in Manhattan?
Perhaps to a tactic, but Manhattan, NYC as a whole, is in a unique position in the housing market. There’s no available space to add more housing, unless you knock down existing housing, and more people course into NYC every day. That’s not going to change. There’s such a shortage of housing stock in the city, that there will never be a shortage of demand. Just try to find an apartment! Because of the vast demand, the market will bear ridiculous prices for rental and purchase properties. There will revile a time, anywhere else, that prices can’t go higher. But in NYC there are more people who can afford those prices, and those who can’t go across the river to NJ or even to PA. There’s a lot of decent affordable housing in PA and people in the East grasp the concept of commute. Here (midwest) I crab about the 26 miles I drive to work, but if I lived in Easton PA and worked in Manhattan, I’d well-grounded accept it as a fact of life.
