2007-09-25 02:47:43 · 6 answers · asked by Anonymous in Travel ➔ United States ➔ New York City
There is limited space for a TREMENDOUS amount of people. All of those people want to live in Manhattan SO badly that they're willing to pay extremely high prices. The next landlord sees how much is neighbor is getting for his apartments and raises his rent, too. Etc, etc.
Supply and demand.
2007-09-25 13:15:45 · answer #1 · answered by Anonymous · 0⤊ 0⤋
NY city is the world business capital and every inch is used for business & tourisim and it also depends where you decided to live,the farther away from Manhattan the cheaper the living would be but no matter how far you go still it'll be the most expensive place to live in America.
2007-09-25 10:00:51 · answer #2 · answered by massimo 6 · 2⤊ 1⤋
8 million people in a 301sq. mi. area (according to http://www.nycvisit.com/content/index.cfm?pagePkey=57)
That's over 26,000 people per square mile. With a limited housing supply, costs go up.
This is from the US census 2000:
Manhattan borough, New York County
Population 1,537,195
Housing units 798,144
Total area (sq. mi.) 33.77
Water area 10.81
Land area 22.96
Population (density per sq.
mi. of land area) 66,940.1
Housing units (density per sq.
mi. of land area) 34,756.7
This is just the island on Manhattan, not the entire City of New York.
2007-09-25 14:27:44 · answer #3 · answered by duker918 7 · 2⤊ 0⤋
Listen to Massimo. Real talk.
2007-09-25 10:26:03 · answer #4 · answered by double L 3 · 0⤊ 0⤋
im planning visit there hopefully nxt yr i'd like to now the answer to that question??
2007-09-25 09:57:14 · answer #5 · answered by treekgomon 4 · 0⤊ 1⤋
Man don't do it...........
2007-09-25 09:56:19 · answer #6 · answered by Anonymous · 0⤊ 2⤋