Many new Yorkers consider buying their own homes a distant dream. The big Apple leads the ranking of most expensive cities is not in vain. Considering that the annual salary of the average new Yorker — $68 thousand, not everyone can afford to spend on an apartment is $600 thousand.
Another thing, if the apartment cost is 10 times cheaper. I think this does not happen? Wrong!
According to a recent study from the portal NeighborhoodX market value for cooperative apartments in the Bronx is between $55 and $75 thousand.
Of course, for such money can not buy luxury properties, but you can find quite a decent apartment in a remote area.
The budget apartments can boast Olinville, Morrisania, Highbridge and woodlawn. First place in the ranking of the cheapest housing in new York is a Studio apartment on Adee Avenue — it’s worth only $54 900. Completing the list of 2-room apartment on Anderson Avenue for $75 thousand.
source: neighborhoodx
As you can see, to solve the housing problem is much simpler than commonly believed.