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user_joined_just_now t1_j7ydr6e wrote

Can someone who pays this sort of rent (and higher) and has been doing so for years explain why they don't just buy a house in the outer boroughs? A friend of mine recently bought a house in the Bronx and their mortgage comes out to about $4K a month.

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svalbard32 t1_j7ywaeg wrote

I pay a good bit less than $4k but live in a nice high rise (not in Manhattan). I enjoy living in a more central location and don’t want to deal with the things you have to with a house. I enjoy the views and amenities and having a doorman feels more secure (even if it’s just an illusion). It’s also nice almost never having packages stolen.

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beer_nyc t1_j7zyja6 wrote

because nobody paying 4k/month for a 1BR in manhattan wants to live in the bronx

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Ali26026 t1_j7z181c wrote

Here on a temporary basis and I pay 3500 a month to live 15 mins walk from work, wouldn’t have it any other way

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IGOMHN2 t1_j7z3cxi wrote

Because some people value time more than equity.

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sha256md5 t1_j80gfyg wrote

It's because people don't want to live in the Bronx. You're so far outside of the city that it might as well be the suburbs.

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user_joined_just_now t1_j80vhms wrote

There are places in the Bronx that are 30 minutes from Midtown. That seems like a fairly reasonable commute to me.

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