Buying In Manhattan Is Actually Getting Harder

You'd be forgiven if you thought that the seemingly endless growth of newer and shinier residential towers around Manhattan meant that there were more units available for purchase. You'd be forgiven, but you'd still be wrong. Curbed reports that a new report from Crain's shows that less than one percent of apartments available in Manhattan are actually for sale. On top of that, three-quarters of the 850,000 units are rentals, making finding a permanent living situation even more difficult.

The Crain's report goes into more detail about the expense involved in building in Manhattan and how that trickles down to buyers (and tries to justify the headline-grabbing, record-breaking prices that keep popping up). The short version? If you want to own, start looking into a Queens commute.