It’s not as dire in NYC unless you’re exclusively considering Manhattan. And even in Manhattan it’s relatively “affordable” if you’re willing to live in the 160s+. Significantly less than people think, at least.
OP wrote about owning a "home" as opposed to his coworkers who live in "condos" which makes me think he meant single-family house. Are you saying that SFH in Manhattan is relatively affordable for average FAANG developer?
I mean, SHFs barely exist in Manhattan so it's kind of a moot comparison. But the thrust of GP is correct - you can buy a townhome in much of Brooklyn and Queens for less than $1m.
caskstrength|3 years ago
g_sch|3 years ago