Brooklyn Is the Least Affordable Place in America
The beautiful borough of Brooklyn, New York is home to almost 2.6 million people, and none of them can afford to live there.
(Except the fuckers who bought those condos on the Williamsburg waterfront. They can.)
Brooklyn is not just too expensive now; Brooklyn is the most unaffordable housing market in the United States of America. From Bloomberg:
Of the 475 counties analyzed by RealtyTrac through October, 98 areas weren't as affordable compared with the average level for the period starting in January 2000, the Irvine, California-based data company said in a report today. Brooklyn, New York, where a resident would need to devote 98 percent of the median income to afford the payment on a median-priced home of $615,000, was the least-affordable market, followed by San Francisco and Manhattan.
That's hip!
"The next Brooklyn" is: six feet deep after a lifetime of renting.
