Someone is now paying $500K/month to rent in New York City

Pierre Hotel Exterior

One of the major reasons I recently lived in Minnesota, and now live in Texas — despite the fact that a lot of my friends live in New York City (and, in fact, I’m from there) — is because New… Continue Reading

Gird your loins: Brooklyn is now officially “Manhattan Part II”

See that chart?¬†Egad. (Via here.) In early 2009, the difference between similar apartments in Manhattan and Brooklyn was $1,800 per month. Now it’s around $210 per month. Just a quick reminder of how urban areas develop / certain spots become… Continue Reading