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Old 07-05-2018, 11:58 AM
 
Location: Brooklyn the best borough in NYC!
1,948 posts, read 676,865 times
Reputation: 1012

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Quote:
Originally Posted by BPt111 View Post
Will $100,000 consider low income in NYC in few years ?

(CNN) -- Are San Francisco families earning $117,400 a year really considered low income?

That's what the latest data from the US Housing and Urban Development Department seems to suggest.

No doubt San Francisco has seen both its incomes and home prices soar in recent years, thanks largely to money flooding in from the tech boom. But the figure from HUD, which is income for a family of four, requires a bit more explanation.

https://www.cnn.com/2018/06/27/us/sa...ing/index.html
Not anytime soon. And the people saying they six figures to live here are over exaggerating
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Old 07-05-2018, 11:59 AM
 
Location: Brooklyn the best borough in NYC!
1,948 posts, read 676,865 times
Reputation: 1012
Quote:
Originally Posted by NYer23 View Post
No, San Francisco housing policy is more extreme than NYC and NYC geographically encompasses much more land and diversity. The Bronx is to Manhattan what Oakland is to San Francisco.
Can you explain a bit how itís more extreme?
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Old 07-05-2018, 12:05 PM
 
Location: In the heights
20,408 posts, read 21,939,093 times
Reputation: 10394
Quote:
Originally Posted by BrooklynJo View Post
Can you explain a bit how itís more extreme?
San Francisco is notoriously difficult in terms of getting new construction, especially denser and taller new construction in almost any part of the city except for the area just south of the financial district. The crazy thing is that even its suburbs, and the Bay Area is 8 million people to San Francisco's 800,000 people, also has the same issue. With all the high income jobs in the area and consistent population growth, this means that the limited amount of housing supply has meant prices are even more ridiculous than they are here.
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